Aguia identifies big capex saving at Brazil project
Phosphate mining company Aguia has identified substantial capital expenditure (capex) savings at the Tres Estrada project, in Brazil, by opting to use a pre-existing treatment plant.
The company, which is listed on the ASX, is in negotiations for a lease or purchase agreement on an existing plant and expects to finalise terms this month.
The successful closure will negate the need for the development of processing operations at Tres Estradas, reducing capex by 25% on the bankable feasibility study (BFS) estimate of A$26.2-million.
“Aguia’s phosphate assets in Brazil offer the potential for a long-life operation, as already demonstrated by previously released BFS studies. The ability to minimise upfront capital costs through the use of pre-existing treatment facilities could greatly improve the economics of the operation and enable a fast-tracking route to positive cashflow,” said executive chairperson Warwick Grigor.
The Tres Estradas project is based on the production of an organic phosphate fertiliser by the mining and processing of the saprolite ore. This soft, oxidised material is free-digging and is expected to enable the production of organic phosphate fertiliser with grades of 8% to 10% phosphoros pentoxide.
Tres Estradas is expected to produce 300 000 t/y saleable product, operating for 18 years.
Aguia has started drilling a second phosphate project, Mato Grande, with the aim being to scale up its current resource base given the growing demand in the region.
Comments
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
