BMM iron-ore project, South Africa – update
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Name of the Project
BMM iron-ore project.
Location
Aggeneys, Northern Cape, South Africa.
Project Owner/s
Vedanta Zinc International (VZI) subsidiary Black Mountain Mining (BMM).
Project Description
This project will add a new product line, iron-ore (magnetite), to the BMM portfolio and is set to add significant financial benefits to the economy. The BMM plant tailings consist of an iron feed-grade of about 39%, which will be processed and converted into a world-class target grade of more than 68%. The new plant will produce 700 000 t/y of iron-ore.
The project is also a major environment, social and governance initiative for VZI and will reduce VZI’s overall future environmental footprint.
Potential Job Creation
The project is expected to create an estimated 400 jobs during the construction phase and 50 permanent jobs during the operations phase.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
R600-million.
Planned Start/End Date
The project was restarted in February 2024. Full ramp-up is targeted for the 2024/25 financial year.
Latest Developments
The development of the project is well under way, with construction 80% complete.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
VZI, tel +27 11 685 3960 or email info@vedantaresources.co.za.
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