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Grootegeluk 6 – Phase 2, South Africa

27th April 2018

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Grootegeluk 6 – Phase 2.

Location
Limpopo, South Africa.

Client
Exxaro Resources.

Project Description
The project entails the construction of a 1.7-million-tonne-a-year to 2.7-million-tonne-a-year semisoft coking coal mine.

Potential Job Creation
Estimated total temporary labour of 2 000 is expected for the duration of project, with a peak of 1 300 employees during construction.

Permanent labour has been estimated at 85.

Net Present Value/Internal Rate of Return
The project has a net present value of R1.5-billion and an internal rate of return of 19.4%.

Value
R4.8-billion.

Duration
First production is expected in the 2020 financial year.

Latest Developments
Construction has started.

Key Contracts and Suppliers
Group 5, SMEI, Stefanutti Stocks, Enprotec and ThyssenKrupp.

On Budget and on Time?
The project is still within budget and on time.

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.

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