WCP B move update
Kenmare previously announced three development projects that together have the objective of increasing annual ilmenite production to 1.2 million tonnes (plus co-products) on a sustainable basis from 2021. The move of Wet Concentrator Plant (WCP) B to the high grade Pilivili ore zone is the final of the three projects.
The increased production is expected to significantly lower cash operating costs to between US$125 and US$135 per tonne (in 2020 real terms). Consequently, from 2021 the Group expects to be positioned in the first quartile of the industry revenue to cost (or margin) curve, supporting stronger free cash flow generation and providing for increased shareholder returns.
WCP B and its dredge have now been safely relocated to Pilivili. Kenmare will announce a further update on WCP B in its Q3 2020 production update, which is anticipated to be announced in mid-October.
|Date||30 Sep 2020|
|Title||WCP B Move Video|
|Date||28 Sep 2020|
|Title||WCP B Move Update - Plant Relocated|
|Date||17 Sep 2020|
|Title||WCP B Move Update - Dredge Relocated|
|Date||15 Sep 2020|
|Title||WCP B Move Update - Relocation Underway|
|Date||04 Jun 2019|
|Title||Animation of WCP B's move to Pilivili|