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KMB
KMB
Kumba Concludes Agreement To Conduct Pre-Feasibility Study On Botswana"s
Mmamabula Central Coal Resource
Kumba Resources Limited
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
("Kumba")
KUMBA CONCLUDES AGREEMENT TO CONDUCT PRE-FEASIBILITY STUDY ON BOTSWANA"S
MMAMABULA CENTRAL COAL RESOURCE
Kumba Coal (Pty) Limited, a wholly-owned subsidiary of Kumba Resources Limited
(Kumba), has concluded an agreement with Magaleng (Pty) Limited (Magaleng) to
commence a pre-feasibility study for the development of the Mmamabula Central
Coal Resource in Botswana.
The Mmamabula Coal Resource is an extension of the Waterberg Coalfield. The
latter hosts Kumba"s flagship Grootegeluk coal mine which is South Africa"s
largest coal operation and the world"s largest coal beneficiation complex.
Magaleng is the holder of the prospecting licence over the Mmamabula Central
Coal Resource. Mmamabula Central differs from the surrounding Mmamabula Coal
Resource in that it comprises the shallower part of the larger coal reserve.
Early indications are that this resource could be viable to open-cast mining.
Preliminary analysis of the coal resource indicates that there could be scope
for 2 to 2.5Mtpa of thermal (power station) coal, with the possible added
benefit of some 0.5Mtpa higher value metallurgical coal being produced from an
open-cast mine with an envisaged life of more than 20 years.
The quality and extent of the Mmamabula Central Coal Resource requires
verification and preparations for detailed exploration activities have already
commenced. Based on the results of a comprehensive drilling programme in the
next few months, a decision could be taken by mid 2006 to continue with a full
feasibility study.
Editor"s note:
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
Magaleng, a private company registered in Botswana, was established by Marcus
Thipe to focus on mining-related business in Botswana. Magaleng holds a two-year
prospecting licence valid until June 2007, applicable over an 87,5 square
kilometre area of the Mmamabula Central Coal Resource.
For further information contact:
Kumba
Ernst Venter
General Manager: Kumba Coal
Tel: +27 12 307 4322
Mobile: +27 83 609 1313
Trevor Arran
General Manager: Corporate Affairs & Investor Relations
Tel: +27 12 307 3292
Mobile: +27 83 609 1444
Magaleng
Olebeng Ngwakwena
Advisor to Magaleng
Tel: +267 391 9356
Mobile: +267 7210 0184
Pretoria
31 January 2006
Sponsor
JPMorgan Equities Limited
Date: 31/01/2006 02:46:04 PM Produced by the JSE SENS Department
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