New ZAR 1.5bn manganese mine opens in South Africa.

By bne IntelliNews May 9, 2012
South African mining company Kudumane Manganese Resources has opened a mine in the Northern Cape that is projected to produce 1.5 million tonnes of manganese next year, Business Day reported. The mine, in which Kudumane Manganese Resources has invested ZAR 1.5bn (EUR 146.2mn), is planned to ramp up to an annual output of 2 million tonnes in 2014 and further to 2.5 million tonnes when mining moves underground. It will employ 300 people. Kudumane is 49% owned by Hong Kong-based Asia Minerals and 51% owned by two groups called Dirleton Minerals & Energy and Northern Cape Manganese, in which Asia Minerals holds 49% stakes and South African empowerment companies Bold Moves and NWC Manganese own 51%. South Africa is home to the largest known manganese deposits in the world, but because of infrastructural constraints it supplies only about a third of the global demand. The Kudumane mine, which is projected to operate in 30 years, will leverage Asia Minerals experience in mining and marketing of manganese to sell it globally. Kudumane plans also to build a sintering plant to improve the value of the manganese.

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