TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

Restored Republic via a GCR: Update as of April 25, 2018

Restored Republic via a GCR Update as of April 25 2018 Compiled 12:41 am EDT 25 April 2018 by Judy Byington, MSW, LCSW, ret. CEO, Child Ab...

Wednesday, May 17, 2017

Zimbabwe is on the Verge of Platinum Refineries

Zim on verge of platinum refinery

May 18, 2017

Mines and Mining Development Minister Walter Chidhakwa (standing right) chats with his Deputy Fred Moyo while Zimbabwe Mining Development Corporation board chairman David Murangari (seated left) and Kelltech director Keith Liddel sign an agreement for a joint venture that will see the construction of a $300 million platinum refinery in Harare yesterday. — (Picture by Tariro Kamangira)

Business Reporter
GOVERNMENT yesterday signed an agreement with Australian company, Kelltech, for construction of a $300 million platinum refinery two months after Cabinet approved the project.

Kelltech will form a joint venture company with State-owned Zimbabwe Mining Development Corporation, which signed the agreement on behalf of Government, and local partner Golden Sparrow.

The refinery will significantly increase platinum export earnings. The platinum refinery would be built for between $200 million and $300 million. Kelltech would provide the funding for the plant.

Construction work is expected to take 24 months from ground breaking, resulting in a facility that will give Zimbabwe capacity to refine its platinum instead of exporting a predominantly raw mineral.

The refinery plant will have capacity to separate bases metals; nickel, cobalt and copper from the precious metals; PGMs and gold. With this plant, platinum, for which Zimbabwe has the world’s second biggest known reserves, could become the game changer.

Minister Chidhakwa said when Kelltech approached Government with the proposal for a platinum refinery, which uses the new kell technology, Government advised his ministry to work with the firm to test the viability and feasibility of the process.

For a period of 24 months, Government and a few private sector metallurgists were assigned to work with Kelltech in testing the kell technology, at a pilot plant in Australia, and concluded that the process was practically and commercially viable. Kelltech was then invited to make a presentation to Cabinet.

“We arranged for them to make a presentation during a special session of the Cabinet on March 28. After the presentation, Cabinet discussed the presentation and was satisfied that it was something we could look at. And so, the project was authorised or approved on that particular date,” he said.

Minister Chidhakwa said that the new joint venture company would be owned 49 percent by Kelltech, 30 percent by ZMDC and 21 percent by Kelltech’s indigenous partner, Golden Sparrow. The mines minister added that it had been agreed Kelltech will design, construct and fund construction of the plant.

The PGMs refinery plant will be built in modular designs with initial capacity to process 300 000 tonnes of platinum concentrate. PGMs account for nearly half of mineral export earnings.

Kelltech director Keith Liddel said his company was pleased with the opportunity to work with Government in building a facility to beneficiate local platinum in order to optimise returns from PGMs.

Minister Chidhakwa said Government would require platinum miners to deliver their material to the facility for beneficiation at market prices. Legislation will be crafted to enforce the policy.

Zimbabwe currently has capacity to produce about 420 000 ounces of platinum group metals from its three active mines namely Impala Platinum owned Unki, Sibanye’s Zimbabwe unit Mimosa Mining Company and Anglo American owned Unki Mine.

Minister Chidhakwa said that once there was local capacity and facilities to process and refine platinum internally, Government would not allow local producers to export raw PGMs. Government gave platinum producers until 2018 to build a refinery or be subjected to a statutory 15 percent raw export levy.

Former Mines Minister Dr Obert Mpofu in 2012 gave the miners a two-year ultimatum to build refineries or face a raw exports ban. However, the miners argued it was not economically viable, as volumes above 500 000oz were required to justify the investment.

Mr Liddel said their technology used less power than earlier technology. Country head Mr Chris Showalter said it would cost $6,7 billion, over 15 years, to build a similar facility using old technology. Local miners contend over $3,5 billion is needed for a refinery.

“At Kelltech, we are very pleased and honoured to be able to provide a full beneficiation solution to Zimbabwe for the production of its platinum group metals. This initiative will provide the indigenisation solution that Zimbabwe has been looking for, for its platinum industry for many years,” Mr Liddel said.

“This is because the indigenisation will now happen at the concentrate level rather than at the mining level and we are very pleased that we can kill two birds with one stone; doing full beneficiation and (fulfil) indigenisation (requirements). We look forward to the construction of our kell (technology) plant in Zimbabwe.”

The first stage in kell is pressure oxidation, to leach out the base metals. The second is a heat treatment, during which the PGMs leach out. Mr Liddel said the kell technology uses a lot less electricity.

Contrary, energy intensive traditional methods require the creation of a flotation concentrate, put into a smelter which uses 1 000 kilowatts per tonne of concentrate, then send to a base metals refinery, and finally to a platinum group metals refinery.

Source: The Herald



We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More