Menar Strikes Another Anthracite Coal Deal in Kwazulu-Natal
Mining investment company Menar plans to build on its successful turnaround of Zululand Anthracite Colliery (ZAC) when it participates in the development of another anthracite mine.
Menar reached an agreement with Coalvent Limited and African Onca Proprietary Limited to partner in the development of the Riversdale Anthracite Colliery (RAC) project near Vryheid, KwaZulu-Natal.
Like ZAC, which is situated in the north of the province, the RAC project will produce low sulphur, medium quality anthracite coal. The coal deposits are estimated to be just over nine million tonnes with the possibility further expansion in future beyond the estimated mine lifespan.
The agreement with Coalvent and African Onca was signed after the two companies acquired Rio Tinto’s shares in RAC. “Our involvement will ensure that this very sound investment which has a huge potential is turned into reality when we start operations after all the regulatory processes have been completed. We have been inspired by the excellent relationships we have cultivated with all stakeholders in the province,” said Menar managing director Vuslat Bayoglu.
The fast-growing Menar bought ZAC from Rio Tinto in 2016 and turned it into a thriving operation whose product is sought in competitive international markets including Brazil and the United States. The Zululand Anthracite Colliery is the sole producer of prime anthracite in South Africa.
Menar’s chief operating officer Bradley Hammond said the RAC will in many ways complement ZAC. He said: “Not only are we bringing into RAC our experience in the extraction of anthracite; we are also bringing our market exposure. RAC’s products will be complementary for the ZAC’s customers as well as new customers that we target to supply.”
Menar, which has been growing its portfolio of assets through acquisitions and new mining developments, is planning to expand the ZAC operations by sinking additional shafts.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.
VISIT SHOWROOM
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
