Sitatunga Resources hopes to create jobs at newly acquired colliery

8th August 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery will create much-needed jobs in the area.

Braakfontein Colliery is an advanced-stage exploration property situated on the Klip River Coalfield, which is located about 10 km from the town of Newcastle.

The acquired assets include an approved mining right and overlaying surface rights.

The area offers potential for coal extraction through opencast mining, as well as underground mining at a later stage.

“We are looking forward to start operations as soon as everything has been cleared by regulators,” Sitatunga MD Arne Hansen said on Wednesday.

Sitatunga’s largest shareholder, Menar Holding, wishes to build on its existing businesses including Canyon Coal and Zululand Anthracite Colliery, through Sitatunga.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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