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ASG
ASG
Assmang Limited - Assmang"s New Iron Ore Mine
Assmang Limited
("Assmang")
(Incorporated in the Republic of South Africa)
(Registration number 1935/007343/06)
Share code: ASG
ISIN: ZAE000030789
ASSMANG"S NEW IRON ORE MINE
Johannesburg, 26 January 2006: Shareholders are advised that the Board of
Assmang has approved the first phase construction of a new export iron ore mine
on its Bruce, King, Mokaning properties("BKM mine"), adjacent to Kumba"s Sishen
mine, near Kathu in the Northern Cape Province of South Africa.
Construction of the BKM mine will commence during the early part of calendar
2006 with the first phase resulting in a new 8.4 million ton per annum export
iron ore mine at an estimated total capital cost of R3,2 billion. First
production is expected during the first half of calendar 2008.
A second phase expansion of the BKM mine to increase production volumes from the
initial 8,4 million tons per annum to 16,0 million tons per annum export
capacity forms part of the current design and some of the capital spent for the
first phase is to incorporate this expansion.
The second phase expansion, which would require Assmang Board approval prior to
commencement, will require a further estimated R1.8 billion to increase the
capacity to 16,0 million tons per annum export capacity. This second phase
expansion is, however, dependant on further increases in the capacity of
Transnet"s Sishen/Saldanha export channel.
26 January 2006
Secretaries
African Rainbow Minerals Limited
Contact Details:
JAN STEENKAMP
Director
Direct line: (+27 11) 779-1106
Mobile: 082 492 6948
PHIL CROUS
Director
Direct line: (+27 11) 770-6909
Mobile: 083 250 9994
Registered office
24 Impala Road
Chiselhurston
2196
Contact Details:
Switchboard: (011) 779 1000
Fax: (011) 779 1031
Wed address: www.assmang.co.za
Sponsor:
Ernst & Young Sponsors (Proprietary) Limited
Contact details:
Trevor Cuss
Direct line: (+27 11) 772 3798
Mobile: 083 880 5585
e-mail address: trevor.cuss@za.ey.com
Date: 26/01/2006 03:13:03 PM Produced by the JSE SENS Department
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