- Write by:
-
Monday, July 22, 2019 - 12:15:34 PM
-
903 Visit
-
Print
Mining News Pro - Pacific Energy’s wholly-owned KPS subsidiary has secured a new contract to supply electricity to Round Oak Minerals’ Jaguar copper-zinc mine, in Western Australia.
According to Mining News Pro - The Jaguar mine, around 250 km north of Kalgoorlie, was first brought into production in 2007, with, Round Oak, through CopperChem, purchasing the mine, including the existing power station, in 2018. The operations consist of underground mines and processing facilities producing copper and zinc concentrates for export.
Under the new contract, KPS will acquire the existing 12.9 MW power station (10.5 MW gas and 2.4 MW diesel) from Round Oak for a price of A$2.5 million ($1.7 million) and immediately assume responsibility for operation of the power station. Within five months of acquiring the power station, KPS intends to complete a range of optimisation and enhancement work to improve fuel efficiency to an agreed target range, optimise control systems and reach agreed KPI’s for station reliability, it said.
The contract is expected to commence following settlement in August and will run for an initial term of four years, with Round Oak having an option to extend for a further term.
James Cullen, Managing Director of the power generation specialist, said: “We are grateful for the confidence that Round Oak has placed in KPS to take over full responsibility for power supply to the Jaguar site. The key driver for Round Oak awarding the contract to KPS was to realise operating efficiencies and the KPS team looks forward to showcasing its knowhow in gas and diesel fuelled technology to deliver on this.”
Short Link:
https://www.miningnews.ir/En/News/401340
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
No comments have been posted yet ...