29
Jul
13:21
Kumba approves new pit at Kolomela
Anglo American's Kumba Iron Ore has acquired board approval for the Kapstevel South project at its Kolomela mine, Kallanish notes. The total capital cost of the project will be approximately ZAR 7 billion ($424.6 million).
The project entails the development of a new pit, Kapstevel South, and associated infrastructure at Kolomela. The pit is a conventional truck and shovel operation producing high quality direct shipping ore (DSO). It will contribute significa…
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Anonymous
Very good overview of the weekly steel market.
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