MTEF Allocations Clause Samples
MTEF Allocations. In contrast to the State Grant allocations, the MTEF projects are motivated to Treasury for specific project activities. These project proposals are based on successful early stage research funded from the State Grant and where there is close alignment with Government priorities. Once a project has been accepted by Treasury, operational management and oversight of the project is undertaken by the same team that manages the allocation and oversight of the State Grant research funds. Because MTEF applications are closely aligned to Mintek’s State Grant research areas, there is similarity between the areas being researched, although the MTEF funds are used to undertake later stage development of promising research ideas. Currently the main areas of MTEF research are: Eco-efficiency: Mintek is currently undertaking a range of projects aimed at improving the efficiency of utilisation of electricity and water in minerals processing, and reducing the environmental impact of this activity. There are currently four projects, namely; - Water efficiency: waterless mineral processing; - Energy efficiency: reduced energy in comminution and smelting; - Environmental impact: Technology to minimise mine discharges; and - Waste and residue recycling: Mining waste dump reprocessing Collectively, these activities can be regarded as focusing on “Eco-efficiency”. Mineral and metal production is being increasingly restricted in South Africa due to the lack of availability and the increasing cost of both water and electricity. Focusing on this eco-efficiency is thus critical to sustain South Africa’s existing mineral production – a sector with one of the highest contributions to employment and foreign exchange earnings. Titaniferous Magnetite: This is a long term development project aimed at assessing and identifying technologies suitable to unlocking the value contained in the Bushveld Complex titaniferous magnetites which is starting during the current financial year. These represent the world’s largest known reserves of titanium and vanadium, and along with the contained iron represent a significant opportunity for South Africa in the future. There is currently no technology that can economically process these deposits for the recovery of the titanium, vanadium and iron. The project aims to develop suitable technology so that in future (10 to 20 years) these deposits can be economically exploited.
MTEF Allocations. In contrast to the State Grant allocations, the MTEF projects are motivated to Treasury for specific project activities. These project proposals are based on successful early stage research funded from the State Grant and where there is close alignment with Government priorities. Once a project has been accepted by Treasury, operational management and oversight of the project is undertaken by the same team that manages the allocation and oversight of the State Grant research funds. Because MTEF applications are closely aligned to Mintek’s State Grant research areas, there is similarity between the areas being researched, although the MTEF funds are used to undertake later stage development of promising research ideas. Currently the main area of MTEF research is Titaniferous Magnetite. This is a long term development project aimed at assessing and identifying technologies suitable to unlocking the value contained in the Bushveld Complex titaniferous magnetites which is starting during the current financial year. These represent the world’s largest known reserves of titanium and vanadium, and along with the contained iron represent a significant opportunity for South Africa in the future. There is currently no technology that can economically process these deposits for the recovery of the titanium, vanadium and iron. The project aims to develop suitable technology so that in future (10 to 20 years) these deposits can be economically exploited.