Kanyika has the potential to become the first new globally significant niobium mine in 50 years.
Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe. Phase 1 involves the development of an 86 000 t/y run-of-mine operation, producing 1 760 t/y of concentrate for shipment to a planned refinery, in Lilongwe.
Phase 2 will expand the operation to 1.5-million tonnes a year producing 17 700 t/y of concentrate. This phase also includes a refinery to be built in Malawi. Kanyika will have nameplate production of 3 267 t/y of niobium pentoxide, and 136 t/y of tantalum pentoxide over its 27-year life-of-mine. The products will be high-specification and -purity products with grades of more than 99.5% and 99% respectively.The project has a pretax net present value, at an 8% discount rate, of $1-billion and internal rate of return of 47.08%, with a payback of 4.4 years.
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