https://www.engineeringnews.co.za

Sitatunga Resources branches out into manganese

18th September 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Exploration and mining project development company Sitatunga Resources has bought the East Manganese project, in Hozatel, Northern Cape, from Southern Ambition, marking the first step in the company’s strategy to build a manganese portfolio in the province.

The deal, which was signed on August 28, means that Sitatunga’s major shareholder Menar has effectively laid its hands on a mineral resource other than coal for the first time.

Sitatunga MD Arne Hansen stated in a release that mining operations at the manganese mine will start next year.

He believes the market fundamentals over the medium-to-long-term will be positive for the resource. Manganese is used predominantly in steel manufacturing and industrial applications.

Meanwhile, Sitatunga also acquired Braakfontein Colliery, which it has renamed Zimpande Colliery, which is an advanced-stage exploration property in Klip River Coals, near Newcastle, in KwaZulu-Natal, from miner Wescoal for R103-million.

Hansen said Sitatunga will leverage off its capable project management team and growth-oriented investor, Menar, to ensure both projects realise soon.  

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.13 0.188s - 156pq - 2rq
Subscribe Now