Base metals miner Trevali, which owns operations in Peru, Canada, Namibia and Burkina Faso, has launched a “transformative improvement programme”, dubbed T90, which aims to move its operations down the cost curve.
Trevali is targeting $50-million in pre-tax yearly sustainable efficiencies over the next two years, culminating in all-in sustaining costs (AISC) falling to $0.90/lb by the beginning of 2022.
“We will accomplish this through operational improvements, standardization, and the deployment of technology. This plan will give us the platform to scale and additional improvements beyond T90 are undoubtedly in front of us as it opens the door to the reduction in cut off grades and extended mine lives at our operations,” said president and CEO Ricus Grimbeek.
T90 largely consists of improvement opportunities unique to each operating site, the deployment of standardisation and best practices to ensure “one company runs four orebodies” and the deployment of technology to improve productivity, the Vancouver, Canada-headquartered mining company explained on Tuesday.
T90 would also require an investment of between $60-million and $80-million in the Rosh Pinah mine, in Namibia. A feasibility study for the Rosh Pina RP2.0 expansion project (RP 2.0) is under way and should be completed in the second quarter of next year.
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