Lusaka, Zambia — 23 November 2012
Australian-based Zamanci Minerals Limited is to invest about US$60 million in its mining operations in Zambia, where it is developing a manganese project in Central Province.
Company managing director Jacques Bandenhorst said his firm would push in a lot of investment funds into its operations starting from the exploration stage through to the construction of a manganese smelter in Serenje District, reports allAfrica.com
Bandenhorst said the firm had centred its business on developing a ferromanganese smelter and that the smelter would be established on a 150 hectare piece of land.
Speaking in here during a breakfast meeting, Bandenhorst said the smelter was expected to produce 56,250t of medium carbon ferromanganese and 9, 600t of silicon manganese annually.
“Zamancowill be a key supplier of ferroalloys, making use of significant high grade ore bodies in Zambia, the company will ensure that the extracted ore is processed to the highest quality before being transported to the smelter site,” he said.
A detailed study conducted by the company supports a focus of downstream processing due to quality feedstock, and attracts margins that favour local beneficiation of ore through smelting.
Bandenhorst said the mining company would complete its current exploration programme for manganese in the next six months, and the bankable feasibility study for the smelter, and construction was expected to begin in the third quarter of next year.
He said processing of the ore would ensure that Zambia as a country obtained maximum benefits through the long-term sustainable use of its ore resources. Other benefits outlined were long term job creation and increased revenue from higher value products.
Source: allAfrica.com For more information, click here.