| Tue 19 Jan 2010, 15:30 | | ARQ - Anooraq - Bokoni Concentrator Plant Upgrade Completed |
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ARQ
ARQ
ARQ - Anooraq - Bokoni Concentrator Plant Upgrade Completed
Anooraq Resources Corporation
Incorporated in British Columbia, Canada
Registration number 10022-2033
TSXV/JSE share code: ARQ
AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq" or the "company")
BOKONI CONCENTRATOR PLANT UPGRADE COMPLETED
Anooraq is pleased to announce the completion of its concentrator plant
upgrade project at the company`s Bokoni Platinum Mines ("Bokoni"), located
330 km from Johannesburg, South Africa.
The project included an upgrade on the main stream pumps to accommodate
additional production throughput, the introduction of cyclone clusters for
more efficient classification and an upgrade to the Merensky concentrator
primary mill from an autogenous grinding mill to a semi-autogenous grinding
mill to assist with grind of run of mine ore.
The total capital spent on the concentrator plant upgrade was ZAR 118 million
(CAD$ 16.5 million) and the project was completed in time and within budget
estimates.
The plant upgrade increases Bokoni`s milling capacity to 165,000 tonnes per
month ("tpm"), of which 120,000 tpm of production is anticipated to come from
the Merensky Reef and 45,000 tpm from the UG2 Reef. This upgrade ensures the
Bokoni concentrator plant is ready to accommodate the company`s planned first
phase production expansion plan to 160,000 tpm by 2014.
Philip Kotze, CEO of Anooraq, said "We remain focused on turning the Bokoni
mine into a profitable and sustainable operation. Increased production
throughput going forward is a key ingredient for our success at the mine,
both on the production and costs sides of the equation. This is one of the
key projects we identified on the critical path when we first assumed
operational control at Bokoni and we are pleased that the concentrator plant
now has sufficient capacity to mill all of our first phase growth production
plan feed building up to 2014."
For further information, please visit our website
http://www.anooraqresources.co.za/media/press_release.asp, call investor
services in South Africa at +27 11 883 0831 or in North America at 1 800 667
2114 or use the contacts referenced below.
Queries:
Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Macquarie First South Advisors
Melanie de Nysschen / Thembeka Mgoduso
Office: +27 11 583 2000
Mobile: +27 82 465 8969 / +27 83 295 1204
Russell and Associates
Charmane Russell / Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 372 5816 / +27 82 927 8957
Johannesburg
19 January 2010
Sponsor:
Macquarie First South Advisers (Pty) Limited
Date: 19/01/2010 15:30:01 Produced by the JSE SENS Department.
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