13.12.2022 Views

Mpumalanga Business 2021-22

  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

OVERVIEW<br />

Resources in 2019 but in <strong>2021</strong> also agreed to make $250-million<br />

available to enable Seriti to restructure some of the coal assets and<br />

to rehabilitate others.<br />

Afrimat is listed on the JSE in the “Construction and Building<br />

Materials” section, but the company has shown an appetite for<br />

acquiring mines in order to diversify.<br />

In May 2020 Afrimat made a bid for control of Unicorn Capital<br />

Partners (previously Sentula Mining) which controls the Nkomati<br />

Anthracite mine in <strong>Mpumalanga</strong>. The mine, which is in the southeastern<br />

corner of the province, has proven resources of 8.7-million<br />

tons and upwards of 400 jobs were created over the last two years.<br />

Local communities have a 16.1% stake in the re-launched mine and<br />

the <strong>Mpumalanga</strong> Economic Growth Agency (MEGA) holds 34%.<br />

Platinum<br />

Platinum is an important mineral for the modern economy. Two<br />

Rivers is a joint venture between Implats (46%) and African Rainbow<br />

Minerals which is located on the southern part of the eastern limb<br />

of the Bushveld Igneous Complex, 35km south-west of Burgersfort<br />

in <strong>Mpumalanga</strong>.<br />

Northam Platinum, which has assets on both limbs of the<br />

Bushveld Igneous Complex, has purchased the Everest mine<br />

from Aquarius Platinum. Everest is adjacent to Northam’s existing<br />

Booysendal mine.<br />

Jubilee Platinum has sold its Smelting and Refining business<br />

in Middelburg to Siyanda Resources. Sylvania Platinum now has<br />

seven PGM recovery plants that extract chrome from tailings on<br />

both sides of the Bushveld Igneous Complex.<br />

Lydenburg is home to the Lion ferrochrome smelter that is a<br />

joint venture between Glencore and Merafe Resources. Assmang,<br />

the joint venture between ARM Ferrous and the JSE-listed Assore,<br />

operates a chrome mine (Dwarsrivier) and a ferrochrome plant<br />

where chrome alloys are made.<br />

Training<br />

Most of the province’s mining companies are involved in training.<br />

The Colliery Training College (CTC) in Emalahleni is owned by<br />

ONLINE RESOURCES<br />

Colliery Training College: www.ctctraining.org<br />

Minerals Council South Africa: www.mineralscouncil.org.za<br />

National Department of Mineral Resources: www.dmr.gov.za<br />

South African Institute of Mining and Metallurgy: www.saimm.co.za<br />

a consortium of companies:<br />

Exxaro, Glencore, Kangra Coal,<br />

South32 and Izimbiwa Coal. The<br />

centre offers a broad range of<br />

artisan training, including auto<br />

electrician, fitting and turning<br />

and millwrights. CTC has been<br />

recognised as a leader in artisan<br />

training by the National Skills<br />

Authority.<br />

Coal giant Exxaro, which<br />

runs five mines in the province,<br />

has committed R3.8-billion to<br />

its Belfast project, an investment<br />

that will create 1 160 jobs and<br />

have an impact on the GDP (over<br />

the life of the mine) of R39-billion.<br />

After Exxaro Coal<br />

<strong>Mpumalanga</strong>’s transfer of its<br />

50% stake in the Arnot coal<br />

mine to mineworkers at no cost,<br />

the workers received a further<br />

5% “free-carry” because of the<br />

specifications of Mining Charter<br />

III. The mine thus becomes South<br />

Africa’s first majority workerowned<br />

mine. Wescoal is the<br />

other shareholder and operator<br />

of the mine.<br />

The opening in April 2019<br />

of Sasol’s Impumelelo Colliery<br />

south-west of Secunda was the<br />

final phase of an investment in<br />

new coal mines to replace three<br />

coal mines that had reached the<br />

end of their lives. Sasol produces<br />

40-million tons of coal annually.<br />

Impumelelo, which will produce<br />

8.5-million tons per year, cost<br />

R5.6-billion to build.<br />

State coal company AEMFC<br />

(African Exploration Mining &<br />

Finance Corporation) runs a<br />

colliery at Vlakfontein near Ogies<br />

and is planning to develop<br />

other projects. South32 has four<br />

collieries and three processing<br />

plants in the province. ■<br />

33 MPUMALANGA BUSINESS <strong>2021</strong>/<strong>22</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!