The order exceeds US $10.2 million in value and was booked in the June quarter of 2021 and the machines will be trialled during the Platreef underground mine’s initial development phase, Epiroc said, adding that Ivanplats has the ambition to use all battery-electric vehicles in its mining fleet at Platreef.
Ivanhoe indirectly owns 64% of the Platreef project through its subsidiary, Ivanplats. The South Africa beneficiaries of the approved broad-based, black economic empowerment structure have a 26% stake in the project, with the remaining 10% owned by a Japanese consortium of ITOCHU Corporation, Japan Oil, Gas and Metals National Corporation, and Japan Gas Corporation.
The Platreef 2020 feasibility study builds on the results of the 2017 feasibility study and is based on an unchanged mineral reserve of 125 Mt at 4.4 g/t 3PGE+Au, project designs for mining, and plant and infrastructure as in the 2017 study; except with an increased production rate from 4 Mt/y to 4.4 Mt/y, in two modules of 2.2 Mt/y, for annual production of more than 500,000 oz of palladium, platinum, rhodium and gold; plus more than 35 MIb of nickel and copper. The initial plan is to start at a mining rate of 700,000 t/y before scaling up. An updated feasibility study on the plan is expected to be published before the end of the year.
“Battery-electric equipment is increasingly embraced by mining companies as it provides a healthier work environment, lower total operating costs and higher productivity. The technology is now well established, and Epiroc is driving this change toward emissions-free mining,” said Helena Hedblom, Epiroc’s President and CEO.
“We want to be at the forefront of utilising battery electric, zero-emission equipment at all of our mining operations. This partnership with Epiroc for emissions-free mining equipment at the Platreef Mine is an important first step towards achieving our net-zero carbon emissions goals while mining metals required for a cleaner environment,” said Marna Cloete, Ivanhoe Mines’ President and CFO.