R1.35bn Tshipi mining contract awarded to Aveng Moolmans

1st November 2011 By: Brindaveni Naidoo

JOHANNESBURG (miningweekly.com) – Miner Tshipi é Ntle Manganese and contractor Aveng Moolmans signed a R1.35-billion openpit mining contract for the Tship Borwa mine, in the Northern Cape, on Tuesday.

Tshipi GM Mokgosi Nkoana said the 54-month contract includes the removal of the overburden, drilling, blasting and hauling of the manganese ore.

Preparatory work would start immediately and pre-stripping would be under way by month-end.

Nkoana added that the contract was in line with the company’s policy of using local suppliers.

The company was also progressing with the construction with the new load-out station and siding to ensure it met State-owned Transnet’s requirements to be linked into the national rail network.

“We are about to take the first steps to reaching the manganese ore, which lies 70 m below the Kalahari surface.”

Tshipi Borwa is majority owned by Ntsimbintle Mining, and OM Holdings, in partnership with Jupiter Mining. Both OM Holdings and Jupiter Mining are listed on the ASX.

The mine will create some 500 new jobs and an additional 100 jobs during the construction phase.

The openpit operation is set to start production in 2012, and is designed to produce 2.4-million tons of top-quality manganese ore every year for the next 60 years.

It has a defined mineral resource estimate of 163-million tons, with a grading of 37.9% manganese, and of the total resource, 62-million tons is classified as an indicated resource, with the remainder classified as an inferred resource.