Johannesburg, South Africa — MININGREVIEW.COM — 13 March 2009 – South African diversified miner African Rainbow Minerals (ARM) expects to launch another mine in South Africa within five years.
Revealing this in an interview with Reuters, ARM coal unit chief executive Mangisi Gule said the new mine would probably supply both state-owned utility Eskom and the export market.
He added that ARM expected to produce a bankable feasibility study for seven potential coal mines by the end of April. “We could see another mine starting production within the next five years – we are chasing the time when Eskom’s power stations will come on stream and which we would like to help supply,” Gule said.
Eskom is constructing two new 4 800 MW power stations which are scheduled to start production in 2015 and 2016, and it has added that it may need to build another two by 2020 to meet growing demand.