Manganese shores up black mining companies.Despite lower global demand for most mining products, the black empowerment firms that have invested in South Africa's manganese manganese (măng`gənēs, măn`–) [Lat.,=magnet], metallic chemical element; symbol Mn; at. no. 25; at. wt. 54.938; m.p. about 1,244°C;; b.p. about 1,962°C;; sp. gr. 7.2 to 7. sector over the past two years are making strong progress.Most have formed joint ventures with the established mining companies that dominate an industry heavily dependent on a single area in the Northern Cape For other uses, see North Cape (disambiguation). The Northern Cape is a large, sparsely populated province of South Africa, created in 1994 when the Cape Province was split up. Its capital is Kimberley. . To take one example, Ntsimbintle Mining, which represents local communities in the Northern Cape itself, works alongside industry giant Samancor Manganese in developing mines in the region. Samancor is owned by BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. (60%) and by Anglo American (40%), Another key newcomer is Kalagadi, which has formed a joint venture with Arcelor Mittal  It has been suggested that and be merged into this article or section. of India to develop a R4.2bn ($41.5m) mining project
near Hotazel in the Kalagadi Manganese Basin. First production on the
2.4m ton reserve is due in 2010, with commercial operation expected to
continue for a minimum of 20 years.
Kalagadi is 80% owned by Kalahari Resources, a firm mainly owned by black female South Africans This is a list of notable South Africans with Wikipedia articles. Academics, Medical and Scientists
Mineral deposit with a porous or vesicular texture (having small cavities). Siliceous sinter is a deposit of opaline or amorphous silica that occurs as an incrustation around hot springs and geysers and sometimes forms conical mounds (geyser cones) or terraces. plant on site and a smelter plant at the new Coega industrial zone in the Eastern Cape The Eastern Cape is a province of South Africa. Its capital is Bhisho. It was formed in 1994 out of the "independent" homelands of Transkei and Ciskei, as well as the eastern portion of the Cape Province. . African Rainbow Minerals (Arm), which describes itself as a 'diversified black empowerment miner', announced a plan in 2005 to double its production of manganese and other minerals by 2010. In December, Arm's chief executive Andre Wilkens confirmed: "We are on schedule with that. We have spent a lot of money, but the company is growing, and although there is a slowdown in the world, Arm is standing very strong." After investing $79bn in iron ore, manganese, platinum, nickel, coal, and chrome projects over the past four years, it intends to commit more than $11bn of new funds over the next four years. Wilkens commented: "We see that we have a very good stretch of commodities and in the current times, it is very good to have a spread of commodities like this. Some of them will actually battle now, and some will do very well--it makes the company very strong." Apart from supporting shareholders, the company has set up a trust to invest in a wide range of different development projects. Yet there is no doubt that international demand for manganese is falling. In December, BHP Billiton revealed that it planned to reduce manganese ore production by 21% and alloy production by 23% during the course of 2009 in South Africa's Hotazel Basin and also at its Gemco mines in Australia. The company's chief executive of ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which and coal, Marcus Randolph, commented: "We will continue to monitor the situation and when we see a recovery, we expect to be well placed to restart our full production alloy capacity. In ore, the development activities and rebuilding of depleted de·plete tr.v. de·plet·ed, de·plet·ing, de·pletes To decrease the fullness of; use up or empty out. [Latin d stocks will also allow us to react quickly to any recovery in the market." NF |
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