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Mining

Tata Steel would produce about 20mn tonnes of iron ore from the Bonglo project, which would be supplied to its units in the UK and Netherlands. (Image source: Wikimedia Commons)

Indias Tata Steel has announced that it plans to start mining at its Bonglo iron ore project in Côte d’Ivoire in 2016

The royalty of assets will be based on revenues generated from the sale of gold produced by the Navachab mine. (Image source: Wikimedia Commons)

A Namibian businessman and South African precious metals company Pan African Resources have launched a US$131mn joint bid for gold explorer AngloGold Ashantis Navachab mine in Namibias Erongo Region

Wescoal Mining said its coal production for the first half of 2013 reached 89,185 tonnes. (Image source: Epsos De/Flickr)

South Africa-based Wescoal Mining has announced that its coal production for the first half of 2013 reached 89,185 tonnes, an increase of 39 per cent compared to the same period in 2012 

The iron ore project concept will be based on mining, crushing and separating in South Africas Moonlight mining area. (Image source: PeterCraven/Flickr)

Oman-based investment company Anvwar Asian Investments and Australian iron ore developer Ferrum Crescent will be jointly developing an integrated iron ore mine along with a pelletising plant in South Africa


As part of the initiative, Anvwar Asian has signed a letter of intent (LoI) to acquire 35 per cent stake in the South African mining project from Ferrum Crescent, which currently owns the mine.

The project concept will be based on mining, crushing and separating in South Africas Moonlight mining area, to produce concentrate, which will be pumped by slurry pipeline to Thambazimbi, some 220km away.

Ferrum Crescent managing director Robert Hair said, “We have 309mn tonnes of certified iron ore [deposit] with 27-28 per cent iron.”

The company has plans to manufacture six million tonnes of iron pellets per annum at Thambazimbi, with most of the product to be transported some 900km by rail to Richards Bay for exporting to overseas markets. Some product may be sold to local steel producers within South Africa.

Anvwar Asian Investment Group chairman Anvwar Al Balushi said iron pellets can be distributed to a great extent to the Middle East manufacturers of steel. He added that the company expects a huge demand for steel from China, India and from the Gulf Cooperation Council (GCC) region.

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