|
KMB
KMB
Kumba Resources Limited - Kumba and Samancor Conclude Manganese Alloy Co-
operation Agreement
KUMBA RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: KMB
ISIN Number: ZAE000034310
("Kumba")
JOINT NEWS RELEASE - KUMBA RESOURCES LIMITED AND
SAMANCOR LIMITED
Kumba and Samancor conclude manganese alloy co-operation agreement
Metals and mining company Kumba Resources Limited (Kumba) today signed an
exclusive co-operation agreement with Samancor Limited (trading as
Samancor Manganese) to exploit Kumba"s AlloyStream technology for the
production of manganese bulk alloys.
According to the agreement the parties undertake to co-operate globally
on projects that make use of AlloyStream technology to produce manganese
alloys.
The unique AlloyStream metallurgical technology, developed and patented
by Kumba, allows manganese alloy to be produced directly from fine
manganese ore and non-coking coal. It is expected to make a notable
contribution towards the improved utilisation of South Africa"s mineral
wealth by allowing the beneficiation of ores that previously had limited
use in traditional smelting technologies. In addition, the AlloyStream
technology is expected to significantly reduce the costs associated with
producing manganese alloy, through the use of cheaper reductant and less
electric power than conventional technology.
The agreement signals Kumba"s entry into the ferroalloy industry and is a
milestone in demonstrating the parties" continued commitment to invest
in, and add value to, the South African economy through mineral
beneficiation, export earnings and job creation.
The parties will undertake a joint feasibility study for a 200ktpa South
African-based high carbon ferromanganese (HCFeMn) project, the first to
make use of this technology. This follows the successful demonstration
of the technology at Kumba"s purpose-built pilot plant during 2005. The
first phase of this project is expected to come on stream during 2009.
AlloyStream will form part of the establishment of Newco, following the
implementation of Kumba"s empowerment transaction.
15 March 2006
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
Alloystream is a technology that has been trademarked by Kumba.
Kumba"s empowerment transaction will establish Newco as South Africa"s
flagship empowerment mining company with an enterprise value of
approximately R16 billion - this will be South Africa"s largest black-
owned, controlled and managed company. Newco will be controlled by broad-
based BEE groups via BEE Holdco, the black controlled holding company
holding 55% of Newco. Women"s groups will hold a 17.8% effective and
fully funded interest in BEE Holdco. www.kumbabee.com
Enquiries:
Kumba Resources
Brian van Rooyen
Manager: AlloyStream
Tel: +27 12 307 7034
Mobile: +27 82 653 7691
Trevor Arran
General Manager: Corporate Affairs & Investor Relations
Tel: +27 12 307 3292
Mobile: +27 83 609 1444
BHP Billiton
Bronwyn Wilkinson
Head: Communications
Tel: +27 11 376 2154
Mobile: +27 82 419 8236
Date: 15/03/2006 02:00:07 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
