Ferrex granted extension of Malelane prospecting right to 2016
JOHANNESBURG (miningweekly.com) – The prospecting right for Aim-listed Ferrex’s 4 192 ha Malelane iron-ore project, in Mpumalanga, has been extended to May 20, 2016.
The Africa-focused iron-ore and manganese development company on Monday said the extension of the prospecting right was in line with the company's strategy to continue to develop the project as a low capital expenditure, initial 1.8-million-ton-a-year operation with a mine life of 16.6 years.
The tenement had a Joint Ore Reserves Committee-compliant inferred resource of 139-million tonnes at 37% iron and an upgraded total exploration target of two-billion tonnes at between 28% and 30% iron, as announced on June 4.
Ferrex MD Dave Reeves said the extension of the prospecting right was a significant step in Malelane's development, as it would ensure sufficient time for the prefeasibility and bankable feasibility to be completed as the project was advanced towards production.
“We will continue to work on the social and environmental aspects of the project and are currently preparing the mining permit application,” he commented.
Ferrex was also currently developing the 250 000 t/y Nayega manganese project, in Togo, and the Mebaga iron-ore project, in Gabon, where a drilling programme was currently under way.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














