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Article: South Africa: Additional R5,5bn for Khumani iron-ore expansion - Assmang.
- Article from:
- TendersInfo
- Article date:
- August 13, 2009
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Byline: manish03
An additional R5,5-million has been approved for the completion of the expansion of the Khumani iron-ore mining project to a capacity to 16-million tons of iron-ore a year, Assmang said on Wednesday.
Assmang, which is jointly controlled by the JSE-listed African Rainbow Minerals (Arm) and Assore, announced concurrently that the first ten-million-ton phase of the Khumani mine had been completed on time and within budget.
Subsequent to that, the Assmang board had approved the additional capital expenditure (capex) of R5,5-billion for the expansion project to increase Khumani's capacity by another six-million tons a year.
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