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Kalagadi Manganese has awarded a R4.8 billion, 5-year contract mining project to mining contractor Murray & Roberts Cementation.
Kalagadi Manganese has been exploring for manganese in the Kalahari Basin. The three farms on which the company holds new order mining rights are believed to hold some 960 Mt of manganese ore.
Kalagadi Manganese executive chairperson Daphne Mashile Nkosi Murray & Roberts CEO Henry Laas said in a statement that the award will further bolster the recent growth in its global underground mining platform order book. “This growth is encouraging, considering that the global commodity cycle is still depressed,” he said.
Kalagadi Manganese executive chairperson Daphne Mashile Nkosi comments: “We are excited to partner with Murray & Roberts to further develop our company and realise our production goals”.
The award is subject to a few conditions precedent, mainly relating to bonds and guarantees.
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