Kumba Resources Limited - Construction Of Ticor So
KUMBA RESOURCES LIMITED - CONSTRUCTION OF TICOR SOUTH AFRICA SECOND SMELTER
FURNACE TO COMMENCE AS PLANNED
Kumba Resources Limited
(Registration number 2000/011076/06)
Share Code: KMB
ISIN : ZAE000034310
Construction of Ticor South Africa Second Smelter
Ticor Limited and Kumba Resources Limited, shareholders of the Ticor South
Africa Project located in Richards Bay, South Africa, have today announced that
their respective Boards have approved the construction of the second furnace at
the smelter currently being built by the Project.
Construction of the first furnace commenced in August 2001 immediately following
Ticor`s acquisition of 40% of the Project. The first furnace, due to commence
operation in the first quarter of 2003, is planned to produce 125,000 tonnes of
titania slag and 70,000 tonnes of low manganese pig iron per year.
The decision to commence construction of the second furnace is based on the
shareholders` view of long term growth opportunities in the market together with
the considerable economic benefit that a second furnace brings to the Project
and to Ticor`s and Kumba`s shareholders.
For further information contact:
Pat Mdoda
General Manager - Corporate Affairs
012 307 4553
083 609 1204
Date: 08/07/2002 04:39:29 PM Produced by the JSE SENS Department
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