Type
Industry and Energy
Local
Zimbabwe
State
Finished
Year
2019
Client
Great Dyke Investment
Darwendale integrated development is the world’s largest PGM deposits, located 65 km away from the capital city of Harare, in the Republic of Zimbabwe.
The deposit has a JORC-compliant resource of 181.3 million tonnes of ore containing 17.1 million ounces of PGMs and gold, at a an average grade of 2.93 g/t, which is sufficient to support a total mine life of more than 20 years.
The Darwendale implementation strategy envisages a phased creation of cost-efficient mining, processing and smelting operations. At a production rate of 3.5-million tonnes a year, the Darwendale mine will produce an average of 280,000 oz/y of PGM and gold at Phase 1. A two-stage expansion will increase its throughput capacity to 10.5-million tonnes a year with metal production reaching 860,000 oz/y of PGM and gold.
Phase 1 development involves investments of more than 500 million Euros. African Export-Import Bank (Afreximbank) ¬– the leading pan-African multilateral trade and development finance institution – acts as a financial advisor and mandated lead arranger in charge of organizing a syndicated loan (project finance facility) and raising equity capital.
In this Project, Environmental sustainability is paramount and thus, world-class technology for water usage and recycling will be used in the design process.
Quadrante, in consortium, to develop the design of the Early Works, General Infrastructures and Materials Handling.
