Slide 1. Slide 2. Voisey s Bay Project Update

Transcription

1 Slide 1 Slide 2 Voisey s Bay Project Update October 2003

2 Slide 3 Presentation Overview Project Components Mine and Concentrator Exploration Argentia Hydromet R&D Innovation Centre Expenditure Forecast and Employment Summary Questions Slide Work Program Mine and Concentrator Expand camp and establish communications system Continue civil construction Excavate mill site Build permanent airstrip Complete site roads Install concentrator building foundation Expand fuel storage capacity

3 Slide Contract Awards $423 million awarded year-to-date $357 million on construction support contracts $66 million on procurement $265 million of construction support contracts and procurement awarded to aboriginal companies: Civil Construction Construction Camp & Temporary Services Construction Communications Surveying Quality Assurance & Laboratory Testing Catering & Housekeeping Services Site Security Medical Services Fixed Wing & Helicopter Transport General Site Services Logistics Support Marine Transportation Exploration Drilling Electrical Equipment Supply of Cement Slide 6 Anaktalak Bay Construction Camp

4 Slide 7 Camp Expansion Slide 8 Camp Expansion

5 Slide 9 Fuel Tank and Construction Camp Slide 10 Communications Tower

6 Slide 11 Port Access Road Construction Slide 12 Concentrator Site and Permanent Airstrip

7 Slide 13 Concentrator Construction Slide Work Program Exploration Begin Phase 1 of advanced exploration Mid August start 16,000 m of drilling Bore hole geophysics to begin preliminary economic assessments of underground resources Part of $20M exploration program Collect metallurgical, geotechnical and environmental data Complete pre-feasibility studies of underground resources

8 Slide 15 Mine and Concentrator Construction Schedule Years Voisey s Bay Initial Civil Works Bankable Feasibility Study & Mobilization Design, Construction & Commissioning Production Ramp-up First Concentrate Shipping July 2006 Slide Work Program Project Office Completed late June Office/warehouse Completed Site Infrastructure Communication system installed to Project office and will be at the office/warehouse this fall Water and septic supply for office warehouse tender awarded Site clearing, grubbing and grading designs completed Infrastructure surveys ongoing

9 Slide Work Program Site Engineering Studies Draft water management plan prepared Finalized electrical distribution study Infrastructure corridor study ongoing Traffic study ongoing Geotechnical surveys ongoing Residue pond design finalized Construction strategy study initiated Assessing provincial fabrication capacity Slide 18 Installing HVAC at Office/Warehouse

10 Slide 19 Argentia Office/Warehouse Slide R&D Program Completed design and engineering of mini-pilot plant Begin mini-pilot plant operations $23M spent year to date 65 people working on R&D program - 11 from the Province First cathode produced on June 23

11 Slide 21 Research & Development Process Vision Process Feasibility Process Testing Piloting Full-Scale Production Idea generation Bench-scale testing Mini-pilot plant Demo plant Commercial plant Q Slide 22 Mini-pilot Plant Objectives Define and evaluate process options and test the process flowsheet and chemistry Test the process on a continuous and integrated basis Test recirculation and reuse of process streams Demonstrate production of stable residues Obtain design data for demonstration plant and recommend materials of construction Scale 1 : ~10,000

12 Slide 23 Mini-pilot Plant Milestones Construction Complete June 9 First circuit started up June 23 First integrated campaign Sept 15/19 Second integrated campaign Oct 20/24 Third integrated campaign Nov 17/26 Slide 24 Mini-pilot Plant

13 Slide 25 Autoclave Circuit Slide 26 Nickel Cathode Product

14 Slide 27 Demonstration Plant Stage Site Location Argentia Construction Start 2004 Operation Start 2006 Size Throughput ~1:100 of commercial ~10 tonnes/day Slide 28 Demonstration Plant Objectives Develop design criteria for commercial plant Evaluate equipment and materials of construction Develop capital and operating costs Demonstrate product quality and market acceptability Demonstrate environmentally safe residue disposal methods Train commercial plant operators and support staff

15 Slide 29 Demonstration Plant Current Work Environmental Baseline Studies Preliminary Process Design Mini-pilot Plant Data Interpretation Demonstration Plant Flowsheet Definition Major Circuits Design General Engineering Design Slide 30 Demonstration Plant Layout

16 Slide 31 Hydromet R&D and Commercial Plant Development Years Miniplant Design, Construction & Operation Demonstration Plant Site Preparation & Environmental Studies Design, Construction & Commissioning Demo Plant Operation Commercial Plant Feasibility Study & Mobilization Design, Construction & Commissioning Commercial Plant Startup July 2006 Nov 2008 Dec 2011 Slide Work Program Innovation Centre Finalize funding agreement with Memorial $1 million disbursed to date Memorial to complete detailed engineering John Hearn Architects and Newfoundland Design selected by Memorial Renovate Thompson Centre Asbestos removal complete Interior demolition complete

17 Slide Work Program Mine and Concentrator Complete concentrator site grading Complete installation of concentrator building Commence mechanical, piping, electrical and controls for concentrator Continue port site construction Construct shells for accommodations complex and services complex Prestrip open-pit mine and construct waste rock haul road Slide Work Program Argentia Demonstration Plant Site Infrastructure Site grading and roadways Residue ponds, storm water drainage system Concentrate handling building Storage facilities Process Development Develop process flowsheet Mini-pilot plant continuous test campaigns Design demonstration plant Plant Engineering Process equipment layout Utilities & services design Long-lead Item Procurement

18 Slide 35 Expenditure Forecast (CAD$ millions) Project Component Mine & Concentrator BFS 3.6 Mine & Concentrator Infrastructure Exploration Program Argentia Hydromet R&D Innovation Centre Total $260.5 $448.9 $292.1 Slide 36 Employment Summary September 30, 2003 Project Component Mine & Concentrator Newfoundland 319 Labrador 357 Other 83 Total 759 Exploration Argentia Hydromet R&D Engineering/Mgmt Total % NL participation on project overall 89% Mine/Concentrator; 94% Exploration; 100% Argentia; 17% Hydromet R&D (as 11 people working at the mini-pilot plant are from the province); 55% Engineering & Project Management 47% Labrador participation on Mine & Concentrator 42% Aboriginal participation on Mine & Concentrator

19 Slide 37