Gloria mine optimisation and modernisation, South Africa
Name of the Project
Gloria mine optimisation and modernisation.
Location
The project is located at Black Rock, in the Northern Cape, South Africa.
Client
Assmang, which is jointly controlled by Assore and African Rainbow Minerals.
Project Description
The investment, which is aimed at increasing the flexibility of Black Rock to produce the differentiated medium- to high-grade products that the manganese market is increasingly demanding and for which it is paying a premium, will increase overall production to about five-million tons a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
R2.7-billion has been approved for the project, most of it sustaining capital expenditure.
Duration
Project completion and final handover is expected in late 2021.
Gloria is expected to be shut for six months of the 2019 financial year as part of the modernisation.
Latest Developments
DRA Global has secured an engineering, procurement and construction management (EPCM) contract for the replacement of the Gloria manganese mine’s underground rock-handling infrastructure and surface plant.
Key Contracts and Suppliers
DRA Global (EPCM).
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Assore, tel +27 11 770 6800.
African Rainbow Minerals investor relations and corporate affairs head Jongisa Magagula, tel +27 11 779 1300, fax +27 11 779 1312 or email jongisa.magagula@arm.co.za.
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