Project Description
Corporate news
Russian – Zimbabwean JV Great Dyke Investments (Pvt) Ltd (GDI) moves to the next stage of Darwendale deposit development
1 February, 2016

Great Dyke Investments (Pvt) Ltd (GDI), which implements the joint Russian – Zimbabwean Darwendale deposit development project, moves to the stage of design of the mining infrastructure for the Project. Large-scale geological exploration activities were successfully completed at the end of 2015. In total, 130,000 running meters (870 drill holes) were drilled, which made this Project the largest in terms of geological exploration in Zimbabwe for the past decades.

Large-Scale Geological Exploration Activities at Darwendale Deposit Continue
6 May, 2015

In accordance with the long-term strategy of the Darwendale Project implementation, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration works at the deposit commenced in January 2015. As of beginning of May more than 40,000 running meters have been drilled out of the total 300,000 running meters planned for drilling in 2015–2016.

Large scale exploration work is underway at Darwendale
5 February, 2015

According to the long-term strategy of implementation of the Darwendale Project, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration activities commenced at the deposit on January 5, 2015.

Production infrastructure constructed at the Darwendale deposit site
1 August, 2014

Production infrastructure constructed at the Darwendale deposit site

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Future development

The completed BFS lets Great Dyke Investments (Pvt) Ltd move forward to detailed engineering and construction of the 1st Stage mining and concentrating facilities with annual throughput capacity of 3.36 mln tonnes of ore. Construction period will take nearly 2 years. Total investments for the commencement of 1st Stage of the Project are estimated at US$400 million.

The general Project concept implies gradual construction of mining, concentrating and smelting facilities with all related infrastructure in three stages, with total annual processing capacities of up to 10 mln tonnes of ore and production of circa 860,000 ounces (27 tonnes) of 4E in converter matte. At full capacity, the Project will double production of PGMs in Zimbabwe and will rank among TOP-5 world PGM producers.

 

Targets

  • To achieve design production capacity of 860,000 oz of PGMs annually, which allow to double the total current PGM output in Zimbabwe;
  • At full development the Project will enter TOP-5 world PGM producers.

 

Project development schedule