Name of the Project
Grootegeluk 6 – Phase 2.
Location
Limpopo, South Africa.
Client
Exxaro.
Project Description
The project entails the construction of a 1.7-million-tonne-a-year semisoft coking coal mine.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
R4.8-billion.
Duration
First production is expected in 2020.
Latest Developments
The output of the mine has been revised downwards from the 2.7-million tonnes initially reported by Exxaro. Exxaro’s head of coal, Nombasa Tsengwa, has said that, as a result, Grootegeluk 6 will deliver a higher-priced product, and the other one-million tonnes of production has been deferred to phases 7 and 8 of the mine’s development.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Exxaro Resources executive head: strategy and stakeholder engagement Mzila Mthenjane, tel +27 12 307 7393 or email investorrelations@exxaro.com.