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South Africa
Vametco Mine

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 Location:
8 km NE from Brits, South Africa

  Address:
Main Mothuthlung Road
PO Box 595
Brits
South Africa
0250
Phone  ...  Subscription required
Fax+27-(0)-12-318-3201
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StageProduction
Mine TypeOpen Pit
Commodities
  • Vanadium
Mining Method
  • Truck & Shovel / Loader
Production Start...
Mine Life30 years (as of Jan 1, 2020)
In 2021 feasibility and pre-feasibility studies at Vametco and Vanchem were completed to determine the nature and scope of growth beyond the current production run rate of 5,000-5,400 mtVp.a. They provide a well-structured long term growth path to 8,000 mtVp.a., ensuring a permanent and reliable feedstock to both Vametco and Vanchem.


Owners

Source: p. 111,153,154
CompanyInterestOwnership
Black Economic Empowerment(B-BBEE Commission) 26 % Indirect
Bushveld Minerals 74 % Indirect
Bushveld Vametco Alloys (Pty) Ltd. (operator) 100 % Direct
Ownership Tree
A new order mining right is held by Bushveld Vametco Holdings (Pty) Ltd, which holds 100 % of the operating company Bushveld Vametco Alloys (Pty) Ltd.

Bushveld Minerals Limited’s shareholding in Bushveld Vametco Holdings (Pty) Ltd is 74%. Broad-Based Black Economic Empowerment's shareholding in Bushveld Vametco Holdings (Pty) Ltd is 26 %.

Contractors

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Deposit Type

  • Intrusion related


Summary:

Vanadium mineralisation occurs in vanadium-bearing titaniferous magnetite-rich layers that occur within the Upper Zone of the Rustenburg Layered Suite of the Bushveld Complex. The magnetiterich layers are part of the layered sequence and are concordant, continuous along strike and down-dip, although thickness variability occurs. The Bushveld Complex intruded Pretoria Group meta-sedimentary rocks of the Transvaal Supergroup approximately 2,060 million years ago. The layered sequence of mafic rocks, known as the Rustenburg Layered Suite, comprises five distinct zones. • the Marginal Zone, • the Lower Zone, • the Critical Zone, • the Main Zone, and • the Upper Zone. Project Geology Both the Main Zone (Pyramid Gabbronorites) and the Upper Zone (Bierkraal Magnetite Gabbros) occur on the Vametco Mining Right Area (MRA). Underlying the northern regions of the Vametco MRA are the Bierkraal Magnetite Gabbros, whilst the southern part of the Vametco MRA is underlain by Pyramid Gabbro-Norites. The mafic layers are east-west striking and north dipping, with an average dip of 19°. The lithologies associated with the Main Zone (Pyramid GabbroNorite) are gabbro-norite, and locally anorthosite and pyroxenite bands. The lithologies in the Upper Zone (Bierkraal Magnetite Gabbro), that occurs on the northern part of the Property, include magnetite–bearing gabbro, olivine-diorite and some anorthosite and magnetite layers. The well-developed magnetite seams in the lower portion of the Uppe ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The current mining cycle for the Project is conventional drill, blast, load and haul with the opportunity of free-dig in some areas of weathered material.

Prior to mining in a particular area, all vegetation cover and useable soil is removed and placed on a separate soil stockpile. Waste rock and ore are blasted at irregular intervals and removed to waste rock dumps or the primary crusher, respectively. Material is loaded onto 20- or 40-tonne haul trucks using hydraulic shovels and front-end loaders. The mining is not a constraint and there is potential to increase the ore production in excess of 2.6 Mtpa (if required) based on the strike length, dip and orientation of the orebody. Due to the stratified nature of the ore deposit, Bushveld Vametco uses a combination of strip mining and open pit mining.

The open pit mining approach can be typified as bench mining where faces are opened up in one area through overburden and waste stripping. The exposed ore is mined and transported to the plant by a fleet of trucks and shovels. A pit optimisation study was done to generate different pit shells in order to identify the pit shell which should render the optimal value based on practical technical constraints over the Life of Mine (“LOM”).

Vametco uses a series of contractors to perform the mining. There are currently four contractors operating at Vametco.


Crushing and Grinding
Source: Subscription required

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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Production:

CommodityUnits2022202120202019201820172016
Vanadium t  ......  Subscription required ^  ......  Subscription required  ......  Subscription required  ......  Subscription required2,5602,6492,856
^ Guidance / Forecast.
Subscription required - Subscription is required.

Operational Metrics:

Metrics2016
Annual production capacity 3,000 t of vanadium

Reserves at December 31, 2021:
Ore Reserve at a cut-off grade of 20% magnetite.
Mineral Resource at a cut-off grade of 20% magnetite.

CategoryTonnage CommodityGradeContained 
Commodity
Probable 12.96 Mt Vanadium 146.9 kt
Probable 12.96 Mt V2O5 2.02 % 262.4 kt
Probable 45.3 Mt Iron (magnetite) 28.6 % 12.96 Mt
Indicated 47.35 Mt Vanadium 527.2 kt
Indicated 47.35 Mt V2O5 2 % 941.5 kt
Indicated 140.1 Mt Iron (magnetite) 33.8 % 47.35 Mt
Inferred 16.66 Mt Vanadium 176.7 kt
Inferred 16.66 Mt V2O5 1.93 % 315.6 kt
Inferred 42.6 Mt Iron (magnetite) 39.1 % 16.66 Mt
Total Resource 63.95 Mt Vanadium 703.9 kt
Total Resource 63.95 Mt V2O5 1.98 % 1,257 kt
Total Resource 182.7 Mt Iron (magnetite) 35 % 63.95 Mt

Commodity Production Costs:

CommodityUnits202220212020201920182017
Cash costs Vanadium USD  ......  Subscription required&nbs  ......  Subscription required  ......  Subscription required  ......  Subscription required 19.7 / kg   16.6 / kg  
Total cash costs Vanadium USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
^ Guidance / Forecast.
Subscription required - Subscription is required.

Financials:

Units2022202120202019201820172016
Capital expenditures (planned) M USD  ......  Subscription required
Growth Capital M USD  ......  Subscription required
Sustaining costs M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
Capital expenditures M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required
Revenue M USD  ......  Subscription required 183.3   79.1   51.7  
Gross profit M USD  ......  Subscription required
EBITDA M USD  ......  Subscription required 108.3   23.9   3.3  
Subscription required - Subscription is required



Heavy Mobile Equipment as of January 10, 2020:
HME TypeModelSizeQuantityLeased or
Contractor
Dozer (crawler) ....................... Subscription required ....................... Subscription required Leased
Dozer (crawler) ....................... Subscription required ....................... Subscription required Leased
Drill (blasthole) ....................... Subscription required Leased
Excavator ....................... Subscription required 40 t ....................... Subscription required Leased
Grader ....................... Subscription required Leased
Truck (dump) ....................... Subscription required ....................... Subscription required Leased
Truck (dump) ....................... Subscription required ....................... Subscription required Leased
Truck (dump) ....................... Subscription required ....................... Subscription required Leased
Truck (dump) ....................... Subscription required ....................... Subscription required Leased
Truck (water) ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 5, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 5, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 5, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
Subscription required - Subscription is required.

Staff:

EmployeesContractorsTotal WorkforceYear
Subscription required Subscription required Subscription required 2021
Subscription required Subscription required Subscription required 2020
Subscription required Subscription required Subscription required 2019
Subscription required 2018
Subscription required 2017

Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
Annual Report 2018
Annual Report 2017
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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