Fear lessl y the tr uth 8 Junie 2012
015 307 7248
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Free in rural areas Gratis in platteland
R4
Massive boost for Tzaneen economy Francois Aucamp
francois@bulletin.us.com
The Tzaneen economy is set to benefit from a massive capital investment for the development of a mining project at Nkowankowa. This follows an announcement this week by the developer, Ferrox Holdings, that US$1,7 billion (R14 billion) is required for developing the Tivani iron ore, titanium and vanadium mining project. The Johannesburg branch of the Hongkong and Shanghai Bank Corporation Limited (HSBC) has been appointed exclusive financial advisor to Ferrox in the process of raising the capital. Once the regulatory matters, which are close to completion, have been finalised, construction of a US$450 million (R3 billion) iron ore concentrator will begin. This will have the capacity to process 11 metric tonnes of run-of-mine ore annually, producing 2,5 metric tonnes of concen-
trate annually at full production. Next is the construction of facilities to support additional beneficiation processes which may include an iron/steel smelting facility, estimated at an additional US$1,2 billion (R10 billion). The potential smelting facility is projected to produce 1,5 metric tons of pig iron or steel per annum, along with titanium and vanadium slag within 48 to 60 months of regulatory approval. It is envisioned that concentrate production will commence within the next 24 to 36 months with annual full production in 36 to 48 months. The company is also evaluating the production of 500 000 to 800 000 tonnes of ilmenite concentrate per annum, for the production of titanium dioxide The life of the mine is estimated to be approximately 23 years. The mine which is planned on the farm Mohlaba’s Location 567 LT with infrastructure on the farms Keulen 669 LT and Berlyn 670 LT will mine the minerals from
three opencast pits. Mr Brett Levick, senior vice-president of HSBC’s Johannesburg Branch, stated “We see this as a landmark project for the benefit of the people of the Limpopo Province and South Africa as a whole.” This announcement comes only months after Ferrox announced the execution of an Memorandum of Understanding (MOU) with Mboweni Brothers Investment Holdings (Pty) Ltd (MBIH), in terms of which MBIH has agreed to acquire, on commercial terms, an interest of up to 20%
Fear less
20 Januarie
2012
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en • 8 Crown
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Mining boost for Tzaneen
eration of US$32 iaries for a consid week. g ven- subsid n) last ast iron ore minin20 km million (R258 millio up a 20% interest A new openc take be developed brothers will which will deture will soon a host of The x, the company project 20 km en and create area. in Ferro outside Tzane Tivani iron ore tunities for the the oppor h velop growt new rnor Tito ore east of Tzaneen. Bank Gove produce iron Ex-Reserve (Mbowe- south Tivani mine will for the produchis brother Alto Mboweni and ngs (Pty) The ntrate Holdi conce ite tment Ilmen and ni Brothers Inves m of underm dioxide. a memorandu 3 or tion of titaniu Ltd) signed story on page ngs (Pty) Ltd, • Read the full Ferrox Holdi African standing with South ctly-owned its various, indire
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‘n Kranige jong gholfspeler van die Laerskool Tzaneen, James Vorster (gr 5), is gekies om Suid-Afrika by die Europese wêreldkampioenskappe in Skotland te verteenwoordig. Hy is een van 43 Suid-Afrikaners tussen die ouderdomme van 6 en16 van die SA Kids-gholfspan wat aan die kampioenskappe sal deelneem, op die historiese Craigielaw- en Gullane-gholfbane in East Lothian. James oefen tot vyftien uur per week. Hier wens sy skoolhoof, mnr Vic Rijnen, hom geluk met sy prestasie. James is die seun van mnr Eddie en me Miemie Vorster van Letsitele.
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As is often the case, the Bulletin exclusively broke the good news of an imminent mining R3 boost for Tzaneen in January (our front cover of 5 January carrying the news is seen here). It so happens that we have yet again hit the nail on the head, since the project is now in an advanced stage. Duiwel(se) The Bulletin remains kom gas ongenooid your source of news by die aan kerk that matters, brought to you while it happens; often even before it happens!
tsdal Ofcolaco, Trichard si, Nkowankowa, ye, Mica, Mooket Hoedspruit, Lenyen Gravelotte, Giyani, ulletin.us.com , Phalaborwa, tsburg, Letsitele etin.us.com • www.b jiskloof, Haener • editor@bull Tzaneen, Modjad • 015 307 7684
Die Kamogelo-sen
Jong ‘Bokkie’
in Ferrox or its various, indirectly-owned South African subsidiaries for a consideration of US$32 million (R268 million). a
Tussen Blyde
& H’spruit
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Die R40 by Hoeds
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kuier’n Onwelkome die NGK gas het by Tzaneen Wolkberg in Van Tonder Adriaan kom kuier. Ds sê “alhoewel gemeenteleraar daar darem is van Tonder, die op gasvryheid staan sterk mambawyfie ons van ‘n swart perke!” Die knewel het die geestelike nogal lank nie van slange van 2,4 meter want hy hou dadelik die laat bontstaan, s te stel. Hy het die nie. Om dit sagken gevaarlike serpent van die telefoon DBV gebel om er, maar die verwyd kom te hy die brandkerkwerf Toe probeer Dié het beset gebly. die polisie verwys het. na weer wat hom ’n individu verwys, hul beurt na het hom op die verantwoordeeintlik is dit skappye. Van wat gesê het sekuriteitsmaat in die hoed likheid van die veer steek graag ‘n is onmiddelTonder sê “ek it: die foon minute was hier van Letaba Sekurite twee binne en kig vir Me lik beantwoord te maak — ongeluk r voort: borduu iemand om plan ”. Van Tonder my hart byna Swart Mamba Sekuriteit het “Pieter van Letabamanier waarop hy die situdie domlaat staan vir ‘n slangetjie, het.” “Dis net voet! asie benader slangetjie se hy toe. Net ‘n inee!”, reken
Wildstropers se dae verder getel ‘n Ligte vliegtuig is deur die Kruger Nasionale Park aangeskaf, om beter polisiëring teen veral renosterstropers te verseker. Hier sit die KNP se parkhoof, mnr Abe Sibiya, in die kajuit by die vlieënier, mnr Marius Renke. Intussen is ook aangekondig dat erewildbewaarders die bedryfskoste van die tuig sal dra, terwyl nagsigtoerusting en ander hulpmiddels ook nou vir veldwagters beskikbaar gestel is. Foto: Orlando Chauke