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KUMBA RESOURCES LIMITED - TICOR SOUTH AFRICA"S SECOND FURNACE COMES ON STREAM
KUMBA RESOURCES LIMITED
Registration Number: 2000/011076/06
Share Code: KMB
ISIN Code: ZAE000034310
TICOR SOUTH AFRICA"S SECOND FURNACE COMES ON STREAM
Kumba Resources Limited (KUMBA) and its Australian subsidiary Ticor Limited
(TICOR) today announced that the second furnace of Ticor South Africa"s titanium
smelter situated at Empangeni has successfully entered its commissioning stage
with the initial production of titanium slag.
"The construction and hot commissioning of the second furnace is ahead of
schedule and under budget," said Wim de Klerk, general manager of Kumba"s heavy
minerals business unit.
The second furnace marks the second stage of development of Ticor South Africa"s
titanium slag project. The project"s first furnace, which began hot
commissioning in March 2003, has now reached 70% of design capacity and is
producing titanium slag and low manganese pig iron (LMPI) within market
specification. Despatches of LMPI to international customers commenced last
month and the first shipment of titanium slag is scheduled to leave Richards Bay
this month.
Ticor South Africa"s first stage development included the commissioning of the
Hillendale mine and mineral separation plant in 2002, as well as the first
furnace earlier this year.
When both furnaces are in full production, Ticor South Africa will produce 250
000 tonnes of titanium slag and 140 000 tonnes of low manganese pig iron per
year from its Empangeni operation.
ends
Note:
KUMBA RESOURCES LIMITED
Kumba Resources Limited, one of the largest South African-based mining companies
listed on the JSE Securities Exchange, is a focused metals and mining company
with a diverse commodity portfolio consisting of iron ore, heavy minerals, coal,
base metals and industrial minerals. www.kumbaresources.com
TICOR LIMITED
Ticor Limited is a titanium dioxide company listed on the Australian Stock
Exchange. Ticor Limited has a 50:50 interest with Kerr McGee in the Tiwest joint
venture. The Tiwest project is situated along the west coast of Australia where
a dune deposit is mined for ilmenite for conversion to synthetic rutile, which
is used for the manufacture of titanium dioxide pigment in a plant owned by the
joint venture. www.ticor.com.au
TICOR SOUTH AFRICA
Ticor South Africa is owned by Ticor Limited (40%) and Kumba Resources Limited
(60%). The company is situated at Empangeni and currently consists of the
Hillendale mine, a mineral separation plant and a smelter to process ilmenite,
rutile and zircon heavy minerals.
www.ticor-sa.com
For media relations and investor relations enquiries, please contact:
Trevor Arran
General Manager: Investor Relations
Tel: 012 - 307-3292
Mobile: 083 609 1444
Date: 09/10/2003 07:30:06 AM Produced by the JSE SENS Department
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