JF Consortium is a Firm that deals with Minerals and Currency Trading.
Our Mission:
Dealer and Exporter in Gold
Small Scale Mining
Supplier of Mining Machinery and Equipments
Mining Consultancy
Description
The CEO of Jf Consortium is descendant of the late William Cornelius Daniels who was the head of united African Company at Tarkwa in the western Region during the colonial Days. Cornelius Daniels was the son of H.W Daniels, Dutch Governor of Fort ST Jago Elmina. the CEO of JF Consortium is the fifth generation of William Cornelius Daniels. mining is part of the family expertise.
EXECUTIVE SUMMARY
J&F Consortium is a management consultancy firm with branches in London and Ghana is an esteemed firm that has being in existence for the past seven years with enormous experience and expertise especially in the mining industry hence has a very credible reputation.
Mr. Felix Bryant, a British national is the C.E.O and Principal Consultant of J & F Consortium with wide experience in Investment Banking, Commodity Trading and mining Industries in Europe, United States and Africa over the years.
INTRODUCTION
This documentation is detailed for interested investors in the mining natural minerals such as gold and diamond.
J&F Consortium has in Ghana seven mining concessions ready to be mined with all official and necessary documentations including feasibility studies.
This includes the profit sharing mining program constituted by the management of J&F Consortium for investors. The investment program is as follows:
? The proven deposit is 325,000 ounce; average recovery rate is 3gram per ton, our operation runs 80 tons per hour, 8 hours a day and 20 working days per month.
? The investment capital for each 25 acre small scale mining area is US$3,000,000.
? The net profit ratio is 60%:30%:10% for investors, land owners and J&F Consortium respectively.
? The investor will be able to have its profit in gold or its equivalent in cash.
The cost of mining each ounce approximately US$1,621.72 (it fluctuates on the international market) per ounce, and the purity in the concessions are above 92% however for calculation sake we will keep it at 92%.Each mining site should on the average recover 20kg (about 600 ounce) per month.
20kg = 20,000g, each kilogram is 32.15 ounces.
20kg × 32.15 × 0.92(92%=purity) × US$1,621.72 = US$959,344.68 (income)
20kg × 32.15× 0.92(92%=purity) × US$750 = US$443,670 (mining cost)
Investor’s net profit =Income – Mining Cost
US$959,344.68 – US$ 443,670 = US$ 515,674.68 per month
MINING EQUIPMENTS
Below in detail are required equipments that will have to be purchased by investors per each 25 acres of the mining concession:
DUMP TRUCKS (FOUR):
It is recommended that all-wheel drive articulated trucks be used for the transportation of gravels to the Plant. It is assumed that the trucks will be utilized on the return trip to transport tailings into the worked out areas.
The criteria used for machine selection are:
Haulage rate
Payload capacity
Average haulage
Speed (two-way load and assume total resistance 80%) - 22km/hr
Round Trip distance - 1 – 3km (average 2 km)
Availability - 86%
Operating Efficiency - 75%
Cycle time (mins) -
Gravel - Load
- Spot 0.75
- Manoeuvre/dump 1.25
Tailings - Load 0.75
- manoeuvre/dump 1.25 - 4.00
Return haulage time (maximum) 8.00
Total cycle time 16 minutes
** A low operator efficiency is assumed, to allow for rest periods prior to return trips based on use of truck loader with 1.60m³ bucket and cycle time of 0.50 mins.
Hence, capacity per truck hour is 60 x 12 = 45 m³ (loose)
16 The number of trucks required is 120 = 4.13
45 x. 86 x. 75
Four trucks will therefore be required for continual operations. Taking into account breakdown/maintenance, etc., it is recommended that an additional unit be included as a back-up.
Total haulage truck requirement is therefore five. Machines available that meet the above criteria include Caterpillar D250B, BELL B25 and Volvo BMA 25B.
FOUR HYDRAULIC EXCAVATOR (at least CAT 340):
A track type hydraulic excavator will be required for forward preparation work, in particular for the construction of drains and river diversion channels. A large 65 ton machine is recommended, e.g. Caterpillar 330 or its equivalent.
WASHING PLANT: SIX HPC-20 or FIVE HPC-30
These machines will be used primarily for processing the gravel to recover the Gold.
One HPC-20 will use for exploring the gravel only to guide us follow the gold vein.
The parameters for machine selection are:
Required production - 18 tons/hr (bank run)
Hopper fill factor - 2 tons
Cycle time - 5 mins.
(Assuming a maximum return distance of 100m)
Operating efficiency - 95%
Availability - 95%
18tons x 8 hours x 5 hpc x 95% = 684 tons a day
ONE D8 BULLDOZER
The bulldozer will be used principally for clearing and grubbing, construction of access roads and waste management. Considering the wet conditions that can be expected a Caterpillar D7 or its equivalent with low ground pressure (LGP) undercarriage and extreme width tracks is recommended.
ONE GENERATOR 50 kva or above:
This machine is considered essential for the supplying the power for 4 HPCs and 4 water pumps. A basic machine without attachments is considered to be adequate.
FUEL STORAGE:
A mobile fuel farm located in the vicinity of the treatment plant can be supplied and serviced by one of the major fuel suppliers in the country. In addition, a fuel browser will be required to supply diesel to equipment in the field.
www.jfconsortium.co.uk
