Johannesburg, South Africa — MININGREVIEW.COM — 04 August 2008 – Transnet Limited and Kumba Iron Ore Limited – a focused producer of high grade iron ore and the fourth largest supplier of seaborne iron ore in the world – have announced a R4 billion project for the expansion of the Sishen-Saldanha iron ore export channel.
A joint media release issued here revealed that the capacity of Sishen-Saldanha line was to be increased by 13 Mtpa from 47 to 60 Mtpa. Of the additional 13Mtpa capacity to be created, 9Mtpa have been allocated to Kumba, and will be used for the development of the new Sishen South mine.
Kumba approved an R8.5billion investment last week in the Sishen South mine, which is located 80km south of the Sishen mine, near Postmasburg in the Northern Cape, and is scheduled to start production in the first half of 2012, ramping up to full capacity of 9Mtpa in 2013.
The media release added that the R4 billion expansion project would include the purchasing of additional rolling stock, the upgrading of electricity infrastructure, construction of loops and a 36km rail link by 2012 to service the new Sishen South mine.