Mining

Blencowe Hires Top Firm To Draft Financial Plan For Orom Cross

Nabil Alam, Blencowe Resources Uganda, Country Manager

By Jeff Mbanga

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Blencowe Resources has hired a firm – CPC Engineering – to draw up designs for a plant at its Orom Cross graphite plant, the UK company announced.

Blencowe, which has undertaken a number of studies at the project, which is located in Kitgum district, says CPC has immense experience from its previous assignments to deliver quality work.

“CPC has extensive experience in other leading graphite projects in East Africa…,” the company announced.

According to a statement from Blencowe, CPC works will include optimisation of the process plant design; incorporating results of the various testwork programs… in design and construction of graphite process plants.

It will also be required to provide updated and optimised capital expenditure and operational expenditure for project cost and schedule certainty; provide updated project costs and schedule for the project non-processing infrastructure.

CPC will further sign off on the full Definitive Feasibility Study once completed to provide the third party approval from a recognised leading technical firm as required to ensure project funding support.

Blencowe estimates that there are about two to three billion tonnes of graphite resources at the Orom Cross project. The company estimates the value of the project at $482 million.

Blencowe says it needs initial capital of $62 million for the first phase of the project, which will end with commissioning in 2025.

Cameron Pearce, the Executive Chairman, of Blencowe Resources, said: “We are pleased to add another high-quality partner to the Orom-Cross Project.  CPC has a very impressive track record within the graphite market and we are now able to leverage off their skills, experience and relationships to ensure we deliver a first class DFS.”

He continued: “The graphite market continues to shift in our favour and we expect the supply-demand imbalance to widen further, as demand for graphite accelerates, given its material role within lithium-ion batteries. Orom-Cross has continued to exceed our expectations and we remain focused on delivering a world class project.”

(Reporting by Jeff Mbanga. Email: jeff.mbanga@gmail.com)

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Deep Earth
Deep Earth International critically examines developments in the extractive and energy sectors in Uganda and the wider East African region. Drawing from the vast experience of its founders who have each covered and written about these sectors for at least fifteen years, this website is the go-to platform for anyone seeking to get a better understanding of the same.

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