Funny, I don't remember the Mill 01 failure from mid November being mentioned at the AGM on the 30th of November? Basically, Mill 1 & 2 were BOTH out of service and they kept it quiet. These blokes are taking the piss.
The Mill 02 clutch was due to be changed during a planned shutdown early in January however it failed prematurely late October resulting in unplanned downtime and reduced throughput during the Quarter, however the opportunity was taken to also complete other planned shutdown works including overhauling the gearbox and replacing the electric motor during the downtime period in addition to replacing the clutch with spares on site. The electric motor on Mill 01 failed during a violent electrical storm mid-November and the motor was removed and repaired off-site before being re-installed late in December. However, it was considered prudent given the possibility of further adverse weather, not to re-start Mill 01 until a new electrical protection system had been implemented and this is currently being installed. Processing operations are currently suspended due to impacts of rainfalls associated with tropical cyclone Kirrily in the past week on roads and other local infrastructure. Repairs to the processing plant including installation of the new electrical protection system are nearing completion with the plant expected to be ready for restart by the end of next week.
SVG Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
