Sephaku cement plant still on track to start production by end-2013
JSE-listed Sephaku Holdings and its 36%-owned subsidiary Sephaku Cement on Thursday said construction of the 1.2-million-ton-a-year cement production facility it was building near Lichtenburg, and a 1.4-million-ton-a-year grinding facility, in Delmas, was proceeding according to plan and within budget to start production at the end of the year.
In October, Sephaku Cement concluded a ten-year funding deal valued at R1.95-billion with banking firms Standard Bank and Nedbank.
Sephaku Holdings said in a statement that the agreement effectively closed the gap in terms of the capital required for Sephaku Cement to be fully prepared for market entry and to become a significant competitor in wholesale and retail cement trade.
Meanwhile, the JSE-listed entity’s acquisition of the entire issued share capital of ready-mix concrete company Métier Mixed Concrete for R365-million was expected to become unconditional by the end of February.
Shareholder approval for the transaction was obtained on January 11 and the Competition Commission granted its approval on February 6.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation