Glencore Xstrata to invest US$100mn in new coal projects in South Africa

coal-Nov 20-RDK optGlencore Xstrata has announced that it plans to invest US$100mn in its new coal ventures in South Africa

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Kabwe Mine set to re-open

Kabwe Mine concentrator plantBerkerley Mineral Resources (BMR), through its Zambian subsidiary Enviro Processing Limited (EPL), is to re-open Kabwe Mine and will invest US$300mn into the mine's operations

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Sable Mining Africa to raise US$27.5mn for Nimba Iron Ore project

miningUK-based Sable Mining Africa has planned to raise US$27.5mn through a private placement of 180mn shares to help it develop the Nimba Iron Ore project in south-east Guinea

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De Beers Group starts construction of new underground mine in South Africa

de beersThe De Beers Group has started construction on a new underground mine located beneath its open-pit Venetia diamond mine in the Limpopo province of South Africa

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Omani firm to develop iron ore mine in South Africa

ironore Peter CravenOman-based investment company Anvwar Asian Investments and Australian iron ore developer Ferrum Crescent will be jointly developing an integrated iron ore mine along with a pelletising plant in South Africa

As part of the initiative, Anvwar Asian has signed a letter of intent (LoI) to acquire 35 per cent stake in the South African mining project from Ferrum Crescent, which currently owns the mine.

The project concept will be based on mining, crushing and separating in South Africa's Moonlight mining area, to produce concentrate, which will be pumped by slurry pipeline to Thambazimbi, some 220km away.

Ferrum Crescent managing director Robert Hair said, “We have 309mn tonnes of certified iron ore [deposit] with 27-28 per cent iron.”

The company has plans to manufacture six million tonnes of iron pellets per annum at Thambazimbi, with most of the product to be transported some 900km by rail to Richards Bay for exporting to overseas markets. Some product may be sold to local steel producers within South Africa.

Anvwar Asian Investment Group chairman Anvwar Al Balushi said iron pellets can be distributed to a great extent to the Middle East manufacturers of steel. He added that the company expects a huge demand for steel from China, India and from the Gulf Cooperation Council (GCC) region.

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