The Vulcan Plant
As part of its Vision 2020 strategy, Tharisa is evaluating the construction of two new plants with a combined capital cost of about ZAR600 million (~US$50 million). The first of these is the Vulcan Plant, which will facilitate additional recovery of fine chrome from tailings streams. The proprietary process is being developed by Tharisa and a demonstration scale plant is being constructed. The feasibility study and process design will be undertaken in conjunction with the operation of the pilot plant.
The full scale Vulcan Plant is expected to be commissioned during October 2019 with projected chrome concentrate production of 380 ktpa. The estimated capital cost is ZAR300 million (~US$25 million). Operating costs are estimated at ZAR50 (~US$4.16) per tonne.
The Vulcan Plant is subject to feasibility studies and, if approved, will be funded through a combination of cash flows and drawdown from debt facilities.