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.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss