INVESTMENT OF $50M
Interalloys and Onicaster to lift output at mine
Interalloys aims to have its own rail loading facility operational by the third quarter of next year
UK company Interalloys Trading and black-owned business partner Onicaster have announced plans to invest $50m to ramp up production at their Rooinekke iron ore mine, near Griekwastad in the Northern Cape. "The Rooinekke mine is a priority in terms of our global investments and we intend to expand mining operations in the first half of 2017, creating much-needed economic activity in the Griekwastad area," Interalloys CEO Charles Law said. "Further capital will be invested in the commissioning of our own rail load-out facility to ensure that we have long-term export logistics capacity and can provide a viable option to other emerging miners seeking access to the Transnet iron ore export channel in the Northern Cape." Interalloys aims to have its own rail loading facility operational by the third quarter of next year. The Rooinekke mine is expected to produce about 400,000 tonnes of iron ore a year, entirely for export. The investment in the rail load-out facility will amount to $35m, ...
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