Klipspruit life extension project, South Africa
Name of the Project
Klipspruit life extension (KPSX) project.
Location
Mpumalanga, South Africa.
Client
South32.
Project Description
The KPSX project will unlock the 616-million-tonne resource at the Klipspruit South and Weltevreden deposits, and secure the future of the Klipspruit colliery for at least another 20 years.
Potential Job Creation
The project is expected to ensure employment for 740 people and create 4 000 jobs during construction.
Net Present Value/Internal Rate of Return
The investment is expected to generate an internal rate of return of more than 20%.
Value
R4.3-billion.
Duration
Development is expected to start this year, with first coal expected from the opencut in the 2019 financial year.
Latest Developments
South32 approved the project in November.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
South32 investor relations, Alex Volante, tel +44 20 7798 1778 or email Alex.Volante@south32.net.
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