Contango Holdings Plc, the London listed natural resource development company, has provided an update on its Lubu Coal Project in Zimbabwe, ahead of scheduled first coking coal production and sales by the end of 1Q23.
The company has reported that the wash plant arrived at site on Friday 3 February and has been unloaded ahead of assembly. The wash plant site and foundations were prepared in anticipation of its delivery, and construction and assembly is expected to take approximately 3 – 4 weeks, with commissioning following thereafter.
Once calibrated and operating efficiently the wash plant is expected to be able to produce 20 000 t of washed coking coal per month.
In addition, the company also expects to take delivery at site of its surface miner (Wirtgen 2200SM) in the coming days. The surface miner has a cutting width of 2200 mm, ideal for selective mining, and can mine up to 500 tph.
Finally, the laboratory is also expected to arrive at site in the first half of February. Following its delivery, all significant capital items will be at site enabling the company to ramp up activity ahead of first production and sales at the end of 1Q23.
Read the article online at: https://www.worldcoal.com/exploration-and-development/06022023/contango-releases-lubu-coal-project-update/
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