Iron project in northern Bushveld, platinum mine builder cuts risk, diamond mine coming on stream

摘要

IRON ASPIRANT IRONVELD, WHICH IS LISTED on London's Aim, expects to be producing pig iron on the northern limb of the Bushveld Complex at pilot level by the middle of next year. Read on page 6 of this edition of Mining Weekly of the 12 MW pilot project being a precursor to a far larger 300 MW production complex in late 1918. The Aim-listed Ironveld expects to mine 2.4-million tons of magnetite a year as feedstock for its eventual million-ton-a-year pig-iron plant, which will also produce vanadium and titanium by-products. What the now troubled Highveld Steel & Vanadium has been doing for more than 50 years is what Ironveld will be doing with a lot more modern equipment and more modern processing techniques on a resource that has 32-million tons of recoverable iron. Ironveld is aligning itself with the drive of the South African government to beneficiate the ore and not just export it, which will earn it significantly reduced mineral royalty payments.