Tag Archives: Okvau

MACA secures five-year ‘first right of refusal’ agreement with Emerald Resources

MACA has announced a five-year agreement with Emerald Resources NL to continue partnering on current and all future mine developments.

Under this agreement, MACA has earned the first right of refusal to deliver a full range of mining services, construction and establishment works for future Emerald Resources operations.

This follows a 2020 agreement between the two companies that has seen MACA supply earthmoving equipment and conduct contract mining services at Emerald’s Okvau gold project in Cambodia.

Emerald said the scope of this pact covers a full range of mining services including load & haul, drill & blast, underground mining (development & production), crusher feed, tailings dam construction and establishment works.

Australia West Group Executive, David Greig, said: “Founded upon MACA’s safe delivery of strong operational results for Emerald Resources at the Okvau gold project in Cambodia, this agreement is a testament to our long-standing reputation in the market as a trusted partner. With a substantial pipeline of developments ahead, it signals an exciting period of growth for both businesses across Australia and Cambodia, and a significant next step in our partnership.”

Emerald has a number of projects in both Cambodia and Australia.

MACA’s combined breadth of scope and international experience as part of the Thiess Group, including PYBAR, recently acquired for its underground capabilities, strongly positions the company in the global market, it says.

Thiess’ sustainability drive accelerates in 2023

With the release of its 2023 sustainability report, Thiess says it has advanced its journey towards sustainable mining, reducing its emissions and diversifying its commodities and services.

Further progress was made towards its 2025 decarbonisation target, reducing Scope 1 emissions by 21% and Scope 2 emissions by 12% during 2023.

These efforts were further enhanced by the group’s diversification of its commodities and services, to rebalance its thermal coal revenue to less than 25% by the end of 2027, which is tracking ahead of schedule. Recognising this, the group has now set an additional diversification target to rebalance its portfolio to consist of less than 20% thermal coal revenue by the end of 2030.

“The group remains committed to supporting a smooth energy transition and will continue to provide sustainable mining services to its thermal coal clients as the use of this commodity continues to support economic growth in many societies,” it said.

These goals have been set alongside the release of Thiess’ 2023 sustainability report, which, itself, reported on several projects helping the decarbonisation cause.

To progress its target of 85% of light vehicles being electric or hybrid by 2030, Thiess began battery electric and hybrid light vehicle trials in Australia, North America and Chile, in 2023, with similar trials expected to begin in Indonesia in 2024.

In Chile, Thiess formalised an agreement to lease two Voltera R6 electric cars, each with a range of 280-300 km, which were delivered to the Llanos copper project in October. This initiative aims to reduce emissions by approximately 7.2 t CO2-e each year. Thiess also partnered with Hualpen, a Chile-based transport company, to trial the use of an electric bus to transport personnel during shift change from the city of Calama to the Llanos copper project, in Minera Centinela, approximately 100 km away. The use of the electric bus results in an estimated emissions saving of approximately 140 kg CO2-e per trip, which Hualpen estimates will result in a total emissions saving of approximately 15 t CO2-e per year.

In the US, Thiess investigated the application of an electric 4×4 light vehicle in the challenging weather conditions at its molybdenum site. The site is around 3.5 km above sea level with temperatures often dropping to -20°C. The chosen engineered solution uses a Hypercraft electric drive system to convert a heavy-duty designed Ford F-250 Super Duty 4×4 (pictured). This fully-electric solution provides a range of 160-225 km and was deployed in December 2023.

At the Mt Pleasant operation in New South Wales, Australia, Thiess has introduced two electric vehicles (EVs) – a Polestar 2 and Kia EV6 – and a hybrid Mitsubishi Outlander, as pool cars. The vehicles provide personnel with an opportunity to trial the experience of driving an EV to encourage wider adoption. Two ABB 22 kW electric chargers were installed to support the trial with a third installed for use by employees and visitors who drive EVs to site.

Outside of light vehicles, Thiess, through MACA, welcomed the first Liebherr R 9300 250-t excavator in Australia into its growing fleet at the Karlawinda gold project in Western Australia. Commissioned in August 2023, the R 9300 uses innovative technology to provide improved performance and better fuel efficiency, Thiess says. Thiess also introduced Komatsu 930E-5 electric drive trucks, with tier 4 engine technology, at two Australian projects to enhance operational efficiency. The trucks are expected to deliver a 5% reduction in fuel consumption compared to other trucks in their class, it says.

In 2023, the MACA team at the Okvau gold project in Cambodia worked with its supplier to reduce the compressor power of all drill rigs to 90% to improve efficiency and reduce fuel consumption and emissions. Since the implementation of the initiative in June 2023, fuel consumption across all six Epiroc drill rigs has been reduced by an average of 20%. This equates to an annual saving of approximately 165,000 litres of fuel and 570 kg of CO2-e emissions. Thiess said: “MACA intends to continue with the reduced compressor power as there has been no adverse effects since the initiative was implemented. Drill performance in normal conditions has been unaffected and no maintenance issues have been reported.”

Building on the success of the initiative, the aim is to extend the modifications to remaining drill rigs of the same model within its fleet.

Also during 2023, Thiess completed a study to determine the optimum horse power (HP) setting for the Cat 794AC trucks at a Queensland project based on application, production capability and fuel burn. The study allowed Thiess to identify the most appropriate setting, considering tonnes moved and fuel consumed, and calculate component life targets based on each setting. The trial resulted in fuel savings of 15.79% across a fleet of seven 794ACs by reducing the HP setting from 3,500 HP to 3,100 HP. According to internal calculations this equated to a saving of A$1.68 million ($1.11 million) per year in fuel, $180,000 in life extension and an annual reduction in emissions of 3,790 t CO2-e.

The site team concluded there was no reduction in asset performance, however the trial indicated a reduction in truck productivity of 4.72%. Although this is a bespoke situation, Thiess says it will look to identify similar cases at other sites where the trial findings may be utilised.

In September 2023, Thiess launched the Thiess Remote Operation Centre (TROC) In Jakarta, Indonesia. Using leading technology, TROC supports fleet management at the Wahana mine over 1,000 km away. This remote technology can help to improve efficiency and productivity of the mining fleet, Thiess says.

Thiess will look to implement the technology at its MSJ mine next, allowing TROC to support additional mines as Thiess continues on its digitisation journey.

Thiess also completed a hydrogen trickle feed trial on 40% of its haul fleet at the Prominent Hill operation in South Australia, in 2023 (now owned by BHP). Findings have been leveraged with the aim to initiate a second trial at a New South Wales project in 2024.

In 2024, Thiess plans to begin trials of hybrid excavators in Indonesia and battery-powered light/medium trucks in Australia, continue dual fuel trials and MACA’s pursuit of fleet retrofit solutions in Australia, complete an additional hydrogen trickle feed technology trial and investigate more fuel-efficient options for its asset rebuilds, it says.

MACA to mobilise to Okvau gold project in August

More than a year after signing a memorandum of understanding (MoU) with a subsidiary of Emerald Resources to supply equipment and contract mining services at the Okvau gold project in Cambodia, MACA has been confirmed as the mining contractor.

As part of the new agreement, ASX-listed MACA is to supply earthmoving equipment and conduct contract mining services at Okvau.

Emerald said: “The signing of the mining contract follows extensive work with MACA around scheduling of pre-production and production mining.”

The company added: “It represents a positive step in the development of the Okvau gold project by adding a high level of confidence in the execution of the mining schedule with the highly experienced MACA earthmoving team.”

The contract provides for the use of new fit for purpose earthmoving equipment with an onsite expatriate management team experienced in similar international operations, according to Emerald.

MACA’s proposed scope of work includes site preparation, drill and blast, load and haul and maintenance works. This equates to around $230 million in revenue over the seven-year term.

Mobilisation activities are expected to commence in August ahead of pre-production mining in October 2020. First gold is expected in the June quarter of 2021.

Last month, Outotec booked a €13 million ($14.2 million) order from the project, with the Finland-based company set to deliver an Outotec HIGmill® high intensity grinding mill, a SAG mill, TankCell® flotation cells, an OKTOP® Conditioner, thickeners and spare parts to the project.

Emerald Managing Director, Morgan Hart, said: “We are extremely pleased to have appointed MACA as the mining contractor for the Okvau gold project operations which continues the existing relationship between the Emerald and MACA management teams. The signing of the Mining Contract follows a thorough and collaborative process with both teams in finalising the mining schedule for the development and operations of the Okvau gold project.”

He said the sealing of this contract gave the company “greater confidence” to achieve its goal of becoming the first modern large-scale Cambodian gold producer by the June quarter of 2021.

A definitive feasibility study on the project displayed an ore reserve of 14.3 Mt at 2 g/t Au for 900,000 oz of gold in a single open pit with a waste:ore ratio of 5.8:1. The life of mine average annual production came in at 106,000 oz with an all-in sustaining cost of $754/oz.

Outotec mineral process equipment destined for Okvau gold project

Outotec says it has been awarded a contract from Renaissance Minerals, a subsidiary of Emerald Resources, for the delivery of process equipment to the greenfield Okvau gold project, in Cambodia.

The order value, booked into Outotec’s 2020 March quarter order intake, is around €13 million ($14.2 million).

Outotec’s scope includes the delivery of an Outotec HIGmill® high intensity grinding mill, a semi-autogenous (SAG) mill, TankCell® flotation cells, an OKTOP® Conditioner, thickeners and spare parts.

The Okvau gold project is in the Mondulkiri province of eastern Cambodia. The 2 Mt/y operation will be the first large-scale mining project in the country, according to Outotec, with project commissioning expected in the June quarter of 2021.

Last year, ASX-listed mining contractor, MACA, entered into a memorandum of understanding with a subsidiary of Emerald Resources to supply equipment and contract mining services at the project.

Paul Sohlberg, Head of Outotec’s Minerals Processing business, said: “We are pleased to be part of Cambodia’s first significant gold processing project with Emerald’s highly credentialed gold project development team.

“Outotec’s leading technologies such as energy efficient ultrafine grinding, proven flotation technology for low grade sulphide ore and superior thickening technology, enable our customer to do profitable business sustainably. This order will strengthen Outotec’s position as a supplier of advanced minerals processing technologies in Southeast Asia.”

MACA drafts up mining contract for Okvau gold project in Cambodia

ASX-listed MACA has entered into a memorandum of understanding (MoU) with a subsidiary of Emerald Resources to supply equipment and contract mining services at the Okvau gold project in Cambodia.

The MoU with Renaissance Minerals is subject to a final investment decision to develop the project by the Emerald Resources Board of Directors, MACA noted. A draft mining contract between MACA and Emerald, agreeing on all material terms, conditions, schedules and rates, will be executed upon this decision.

MACA’s proposed scope of work under the mining contract includes load, haul, drill and blast utilising 100-t class dump trucks, with the initial term of the contract aligned to the current schedule of seven years with an option to extend. This equates to around $220 million in revenue, MACA said.

MACA Managing Director, Chris Tuckwell, said MACA will use the experience it gained in establishing both a foreign subsidiary and starting a new mine whilst working in Brazil over the last four years to Renaissance’s Cambodia project.

Emerald Resources’ Managing Director, Morgan Hart, said: “The board and management of Emerald have worked closely with the team at MACA over the past 20 years in a multitude of successful operations and are very pleased to continue the relationship on the Okvau gold mine development.”

On 1 May 2017, Renaissance announced the completion of the definitive feasibility study (DFS) on the development of a 2 Mt/y operation at Okvau. The DFS delivered an initial ore reserve of 14.3 Mt at 2 g/t Au for 907,000 oz of gold at an average all-in sustaining cost of $731/oz over an initial seven year life of mine.