Kumba and Transnet announce 13mtpa expansion
01 August, 2008
Kumba Iron Ore Limited ("Kumba") and Transnet Limited ("Transnet") are pleased to announce the expansion of the Sishen-Saldana Iron Ore Export Channel from 47Mtpa to 60Mtpa.
Of the additional 13Mtpa capacity to be created, 9Mtpa have been allocated to Kumba, which will be used for the development of Sishen South, a new mine located near Postmasburg.
The Iron Ore Export Channel expansion represents a capital investment in excess of R4 billion in real terms by Transnet. This will include the purchasing of additional rolling stock, upgrading of electricity infrastructure, the construction of loops and a 36km rail link by 2012 to service the new Sishen South mine.
Signing an agreement to expand the Sishen-Saldana Iron Ore Export Channel, from left, Timo Smit, Head, Commercial, Kumba; Chris Griffith, Chief Executive Officer, Kumba; Louis van Niekerk, Chief Operating Officer, Transnet; Maria Ramos, Group Chief Executive, Transnet; and Leon Broom, General Manager, Iron Ore, Transnet.
For further information please contact:
| Tebello Chabana (Kumba) | John Dludlu (Transnet) | ||
| Tel.: | +27 (0)12 683 7067 | +27 (0)11 308 2458 |
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| +27 (0)82 920 9229 | +27 (0)83 676 1881 | ||
+27 (0)83 277 4774 |
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