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Moonlight Crescent iron-ore project, South Africa

11th January 2013

By: Creamer Media Reporter

  

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Name and Location
Moonlight Crescent iron-ore project, Limpopo, South Africa.

Client
Ferrum Crescent.

Project Description
The Moonlight Crescent iron-ore project, located on the three farms Moonlight, Julietta and Gouda Fontein, in Limpopo, has been configured as a 4.5-million-ton-a-year pelletised iron-ore concentrate operation. The project is expected to produce iron concentrates of about 69%.

Moonlight’s compliant reserve of 307.8-million tons of magnetite ore is likely to be exploited as a contract-mined, open-pit operation.

Mining licences over all the areas of the Moonlight deposit have been secured.

Value
The total value of the project has not been disclosed; however, R22-million has already been spent on exploration work.

Duration
Not stated.

Latest Developments
Ferrum Crescent has reported that it expects to complete a bankable feasibility study of its Moonlight iron-ore project by the end of 2013.

Meanwhile, an offtake agreement for initial production has been signed with Duferco, which has a steel processing facility at Saldanha in the Western Cape.

Transport arrangements with South Africa’s State-owned rail company Transnet are being negotiated.

Key Contracts and Suppliers
ProMet Engineers (detailed scoping study) and Mineral Corporation Consultancy (updated resource estimate).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ferrum Crescent, tel +27 11 510 0159, fax +27 86 219 5701 or email info@ferrumcrescent.com.
ProMet Engineers, tel +27 21 556 9759, fax +27 21 556 9758 or email info@promet.co.za.

Edited by Creamer Media Reporter

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