hello its Abu here from uae am inquiring from experts here in this group we need to set up a gold refinery with the following details GOLD REFINERY

[abubakar muza]

GOLD REFINERY BUSINESS MODEL

REQUIRED INVESTMENT @ ~ USD 300K

NET PROFIT MARGIN @ ~ 49%

• The model is based on a smoke-free gold refinery with a refining capacity of 25kg per day. Est. refining quantity of 30kg/mth @ USD 1.5k per kg refined with a 10% monthly increase. Refinery cost, delivery, installation plus training @ ~ USD 185k. 1mth delivery, 1mth installation and training.
• CapEx ~ USD 290k including govt licenses. Yearly and monthly details on the attached documents.
• OpEx ~ USD 47k per annum/year. Yearly and monthly details on the attached documents.

We need to set up a gold refinery our budget is 300ks USD with the above information provided is that capital enough?

 

[Yggdrasil]

GOLD REFINERY BUSINESS MODEL

REQUIRED INVESTMENT @ ~ USD 300K

NET PROFIT MARGIN @ ~ 49%

• The model is based on a smoke-free gold refinery with a refining capacity of 25kg per day. Est. refining quantity of 30kg/mth @ USD 1.5k per kg refined with a 10% monthly increase. Refinery cost, delivery, installation plus training @ ~ USD 185k. 1mth delivery, 1mth installation and training.
• CapEx ~ USD 290k including govt licenses. Yearly and monthly details on the attached documents.
• OpEx ~ USD 47k per annum/year. Yearly and monthly details on the attached documents.

We need to set up a gold refinery our budget is 300ks USD with the above information provided is that capital enough?

Welcome to us.
For practical reasons, what is your feed stock?
Jewellers scraps, ore or other?

You might get better response in the Buy and Sell section.
But we will let it be here for a while and see how it pans out.
Do not double post, since that is against forum rules.

 

[abubakar muza]

Welcome to us.
For practical reasons, what is your feed stock?
Jewellers scraps, ore or other?

You might get better response in the Buy and Sell section.
But we will let it be here for a while and see how it pans out.
Do not double post, since that is against forum rules.

First of all am apologizing for doubling my post it was made by mistake.

Regarding my feed stock 90% ORE -10% DORE BARS

 

[Yggdrasil]

First of all am apologizing for doubling my post it was made by mistake.

Regarding my feed stock 90% ORE -10% DORE BARS

So far I don't think you have double posted
I just gave you a heads up in case you decided to post it in another section.
Now when you have explained what you are refining, it is more clear for the ones that have the info needed.

 

[goldshark]

I love the numbers, I will invest heavily. The only minor components you left out, what grade and quantity of ore stock, same with dore' bars.

 

[abubakar muza]

I love the numbers, I will invest heavily. The only minor components you left out, what grade and quantity of ore stock, same with dore' bars.

The grade of ore is 90% above and the bars or nuggets from 96% above

 

[abubakar muza]

The expected quantity per month 100 tons of ore and 26 kg of nuggets

 

[Yggdrasil]

The expected quantity per month 100 tons of ore and 26 kg of nuggets

That do not make much sense?
100 tons of 90% ore is 90 tons of Gold..... is it not?

 

[abubakar muza]

That do not make much sense?
100 tons of 90% ore is 90 tons of Gold..... is it not?

sorry, i mean 100 kg concentrate with 90% above purity and 26 kg of nuggets with 98% purity

 

[Yggdrasil]

Depending on the price you can achieve, the 98% nuggets/dore may not pay to refine.
Actually, many real nuggets will get prices quite above spot if they are nice and big enough.

 

[nickvc]

While your budget may equip your refinery you are going to need much more finance for your purchases , we also need to know what terms you are expecting to offer so a cost to return can be established.
The refining should be fairly simple with high grade feed stock with low silver content allowing direct dissolution but marketing your finished product may be harder and expensive to achieve decent returns.

 

[jobinyt]

I've been talking to a couple friends about this. Do you have enough electric to smelt that much material - maximum voltage available? What country is this in - what language is to be used in training - can we get the necessary visas in month? Do you provide the housing for our team or is that going to be an additional expense? We don't see the attached documents. 1 month to get the equipment, all the permits, etc, is probably too quick unless you've already got import documents - in which case perhaps the equipment could be covered by a letter of credit instead of us shipping?

 

[abubakar muza]

The country is DEMOCRATIC REPUBLIC OF CONGO , machineries not yet bought licensing is not a problem we have just projected the investment capital of USD 300,000 that is the reason why am here to ask you if this amount is enough

 

[abubakar muza]

While your budget may equip your refinery you are going to need much more finance for your purchases , we also need to know what terms you are expecting to offer so a cost to return can be established.
The refining should be fairly simple with high grade feed stock with low silver content allowing direct dissolution but marketing your finished product may be harder and expensive to achieve decent returns.

what could be the refinery cost apart from 300ks we have just planned for it , from your suggestion i got to know that this amount is not enough for the refinery , regarding the feedstock in congo will be receiving concentrated gold ore from mining concessions. we are expecting 200 kg per day

 

[orvi]

You cannot easily purchase the know-how. Refining such a quantity of gold would require relatively advanced apparatus in order to make it possible at speed you want to have. Depending on the composition of the rest 10% in the alloy, routes will change. Also, if you have rest silver - as it is fairly common with native gold, you would probably need to inquart the whole lot. That would require to add roughly thrice more silver, melt it (equipment for melting one ton is not a simple thing), make shot, digest it in nitric acid and then dissolve the gold in AR (more than 1 cubic meter reactor required), filtering apparatus for filtering 1 cubic meter of liquid...

Reclaiming 3/4 ton of the silver per week (assumingly on copper)... Dealing with like 300kg liquid copper nitrate solution... And be sure that you does not loose gold along the stream. It would be very good to have some reliable XRF handgun - like 20 000 USD for "usable" one.
Finally, melting 190kg of gold into bars.

You need to plan it, have straight sheet of enlisted things you need to purchase, assemble... Hire at least few people to make it happen... And these should be trustworthy and loyal. At least one skilled process chemist. Or somebody who used to run such refinery or metal refining hydrometallurgy plant before. Because one liter beaker is whole another world to the cubic meter tanks, peristaltic pumps... Even simple operations like decanting are gonna take immense time and effort comparing to just poring from the beaker to beaker. You cannot lift and pour from cubic meter vat.

As you are going more cheap, you start encounter problems much more often. With lot cost of around 10 million USD, you simply cannot spill it onto the shop floor That simply cannot happen. And with vague apparatus you cannot assure it won´t.

Even few kg of gold per week is quite a chore for average refiner to do right and clean everything before new lot arrive. Consider your abilities and do not rely solely on yourself. If you does not have chemical knowledge and experience with refining, hire somebody knowledged and experienced.