Autumn Skies Iron Ore
Over the past eight months Autumn Skies Resources and Logistics (ASR&L) has been developing it's Autumn Skies Iron Ore (ASIO) mine which is South Africa's first private fully owned BEE iron ore mine under the leadership of it's executive chairman and owner Adv. Phemelo Sehunelo.
ASIO is situated next to the Sedibeng mine near to Postmasburg in the Northern Cape and has a current minable resource of approximately eighteen (18) million tons of iron ore and has become only the fifth active iron ore mining group in the Northern Cape.
ASR&L is a fully owned private BEE asset with a current capital investment of R 182 Mil and with the strategic and technical support of the Estupendu Group the goal is to produce approximately 42,000 tons of iron ore per month to be transported via Transnet's Sishen - Saldanha iron ore channel 504,000 tons will be supplied in the first year of operation commencing on the 1st February 2018 and it is hoped to grow this to one (1) million tons per annum over the next 12 - 18 months.
The first trial production and logistics runs have been successful with approximately 20,000 tons on stockpile at TPT in Saldanha harbour. The strategic assistance and support of Transnet (TFR & TPT) has been a crucial part of the being able to plan and execute such an ambitious project.
With a new Jig Plant coming on-line at the end of January 2018 and a new Crushing and Screening Plant coming on-line at the end of March 2018 the mine will be producing top grade export iron ore.
ASIO will employ approximately 153 employees and contractors and will add to the growth in the local employment market and add to the prosperity of the Northern Cape population who are extremely dependent on the mining sector.
ASIO hopes that the dominant giants in the SA iron ore industry such as Kumba and Assmang will allow and nurture junior BEE mines to become part of the South African iron ore supply chain as there still remains a huge gap in the international iron ore market for junior mines to participate in and add value to the SA economy.
ASIO is a milestone achievement that projects the dedication and sacrifice that local junior miners are prepared to make to enter into the iron ore mining sector in the Northern Cape and with the support and assistance of the likes of the DMR and Transnet such dreams and aspirations can be achieved.
For further information please contact:
Phemelo Sehunelo - +27 72 954 2804
Lionel Koster (CEO) - +27 83 265 7755
- lionel@strata-africa.com
Website: www.strata-africa.com