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January 17, 2016

KBL Mining produces first gold from Mineral Hill mine in New South Wales

Australia-based KBL Mining has produced the first 497oz of gold from its Mineral Hill mine in New South Wales.

KBL Mining

Australia-based KBL Mining has produced the first 497oz of gold from its Mineral Hill mine in New South Wales.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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Prior to this development, the company has moved to become a 100% surface gold and silver producer over the last eight months from being an underground operation.

During this time, the company doubled the existing flotation plant capacity and began production of a gold concentrate, in addition to installing a new CIL circuit.

The process plant can now float gold concentrates, leach gold ores, float copper, lead and zinc concentrates through separate circuits.

"Some 86,586t of ore has been extracted from Pearse and processed through the Mineral Hill process plant at a rate of 400,000t a year."

Recently, KBL also completed underground development in order to access future underground lodes within the Southern Ore Zone.

The company currently concentrates on the high-grade (6.5g/t Au) Pearse open-cut operation.

KBL said it will be able to reduce the equipment size to excavate and transport ore to the process plant located 850m from the pit by moving the majority of waste.

Some 86,586t of ore has been extracted from Pearse and processed through the Mineral Hill process plant at a rate of 400,000t a year.

The plant began processing the Pearse open-cut ore in September 2015.

KBL has produced and exported 3,617t of concentrate, containing around 2oz of gold and 10oz of silver per tonne to date.


Image: KBL produced the first 497oz of gold from its Mineral Hill mine. Photo: courtesy of KBL Mining Limited.

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Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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