Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
- Coal (metallurgical)
- Coal (semi-soft coking)
- Coal (thermal)
|
Mining Method |
|
Production Start | ... |
Mine Life | 2062 |
The Vele colliery was placed on care and maintenance in August 2013 due to the global economic downturn coupled with depressed coal prices.
The assessment of outsourcing opportunities resulted in the conclusion of a five-year Contract Mining Agreement (Mining Agreement) with Hlalethembeni Outsourcing Services (Pty) Ltd (HOS) in December 2022. As a result operations were resumed in H1 FY2023 with limited financial and human capital requirements
Ramp-up to full production is expected to occur in H2 CY2023 with HOS targeting monthly production of 60,000t of saleable thermal coal from Vele. |
Source:
p. 11
MC Mining Ltd. owns 100% of Vele Colliery.
Contractors
- Subscription is required.
Summary:
The coal deposition of the Vele Colliery occurred within and intra-continental basin bounded by extensional faulting. Major faults have been interpreted, through field observations and geophysics, for the area. The faults divide the deposit in blocks with varying seam depths.
A serious of dolerite dykes trend predominantly east west across the project Colliery area, the largest is estimated to be more than 15m thick. These dykes were emplaced during the extension tectonics that formed the intra continental basin. The dykes did not have significant displacement associated with their emplacement but have resulted in minor de-volatilisation of coal in the immediate contact.
The Top, Middle and Bottom seams were all intersected through drilling and mining activities within the Vele Colliery area. Top and Bottom seams can further be differentiated into a Top Lower, Top Middle, Top Upper, Bottom Lower and Bottom Upper. The Top Middle and Top Upper are not considered economic.
Individual sub-seams can be correlated over the entire area. Correlation is assisted by a distinctly bioturbated marker between the Bottom and Middle seams. The Bottom seam lies directly over the glacial Dwyka-aged sediments or granite-gneiss basement. The coal seams generally dip with no more than 2? north, but can increase to 10? in the vicinity of faults. A series of dolerite dykes occurs in the area and does not appear to have caused any displacement but have devolatilise ........
Summary:
Upon obtaining full regulatory approval for operations, Vele Colliery commenced production with opencast mining in the East Pit in January 2012. Due to a combination of typical ramp up challenges, the global economic downturn, and the plant’s ability to produce only thermal coal, Vele Colliery was unable to produce the five million tons product originally estimated in the approved Environmental Management Plan.
The company implemented a repositioning strategy relating to Vele, requiring testing and a review of the product quality at the Colliery. In August 2013, LCC presented a proposal to the CoAL board of directors to expand and modify the current plant to enable greater beneficiation opportunities for the plant and the operation, which was approved. This modification will address the historical operational inefficiencies and will improve the operational and financial performance of the mine. The Colliery was placed under care and maintenance in preparation for the regulatory approvals and construction of the Plant Modification Project (PMP) as well as an assessment of forecast global coal prices.
The mining operations at the opencast Vele Colliery were outsourced to Hlalethembeni Outsourcing Services (Pty) Ltd (HOS) and recommissioned in late December 2022.
HOS completed the de-watering of the Vele Colliery open cast.
Source:
Summary:
- subscription is required.
Source:
- subscription is required.
Production:
The production activities were resumed in December 2022 after the care and maintenance period.
Commodity | Units | 2023 |
Coal (thermal)
|
t
| ...... |
All production numbers are expressed as clean coal.
Reserves at June 30, 2023:
Mineral Resources are reported inclusive of Mineral Reserves.
Category | Tonnage | Commodity |
Proven
|
23.306 Mt
|
Coal (metallurgical & thermal)
|
Probable
|
301.371 Mt
|
Coal (metallurgical & thermal)
|
Measured
|
146.789 Mt
|
Coal (metallurgical & thermal)
|
Indicated
|
426.854 Mt
|
Coal (metallurgical & thermal)
|
Inferred
|
218.932 Mt
|
Coal (metallurgical & thermal)
|
Corporate Filings & Presentations:
Document | Year |
...................................
|
2023
|
...................................
|
2022
|
...................................
|
2022
|
Fact Sheet
|
2016
|
Technical Report
|
2016
|
- Subscription is required.
- Subscription is required.