Diversified resources group Exxaro Resources Limited (Exxaro) has commenced the construction programme for its new Inyanda coal mine situated near Witbank in Mpumalanga province, with full production expected to be reached during 2008.
The Inyanda mine will produce 1Mtpa of A-grade thermal coal for the export market, via Richards Bay Coal Terminal (RBCT), and involves an estimated R245 million of start-up capital expenditure.
“We have now placed orders for civil work and plant construction and it is all systems go to get production underway and to capitalise on the buoyant global market for high quality thermal coal,” said Ernst Venter, executive general manager of Exxaro’s coal division.
Development of the Inyanda mine has been made possible by the granting of new order mining rights from the Department of Minerals and Energy, as well as the go-ahead of the Phase V expansion of RBCT, late in 2006.
Exxaro is a diversified resources group with interests in the coal, mineral sands, base metals, industrial minerals and iron ore commodities. The group’s coal business has a capacity of 45Mtpa and is South Africa’s fourth largest coal producer. Exxaro is the largest supplier of coal to Eskom for power generation and is the country’s largest producer of metallurgical coals.
Executive General Manager: Exxaro Coal
Tel: +27 (0) 12 307 4322
Mobile: +27 (0) 83 609 1313
Executive General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292
Mobile: +27 (0) 83 609 1444