ARI
ARIM
ARM - Joint media statement by Transnet & Assmang
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("ARM" or the "Company")
JOINT MEDIA STATEMENT BY TRANSNET & ASSMANG
Assmang Limited (Assmang), jointly controlled by African Rainbow Minerals
(ARM) and Assore Limited, have reached agreement with Transnet Limited
(Transnet) on Assmang"s export iron ore tonnage allocation and tariff
through the Port of Saldanha. Transnet - representing its operating
divisions of Spoornet, South Africa Port Operations Saldanha and National
Port Authority Saldanha - has approved the capital expenditure to increase
the channel throughput capacity from 41 million tonnes per annum to 47
million tonnes per annum.
Assmang export tonnages will build up from the existing allocation of 6
million tonnes per annum to 10 million tonnes per annum by January 2010.
These tonnages will be supplied from the existing Beeshoek mine and from
the Khumani mine which is currently under construction and will ramp up to
16,8 million tonnes per annum, pending approval of the Assmang Board and
Transnet"s future tonnage allocation.
Transnet is presently carrying out a feasibility study into a further
expansion to 67 million tonnes per annum. This study should be completed
by March 2007.
Negotiations into a long-term Agreement between Assmang and Transnet have
now commenced.
ENDS
Enquiries:
ARM
Jan Steenkamp Pieter Rorich
Phone: +27(0)11 779 1106 Phone: +27(0)11 779 1476
Mobile: +27(0)82 492 6948 Mobile: +27(0)82 570 5064
Assore
Phil Crous
Phone: +27(0)11 770 6909
Mobile: +27(0)83 250 9994
Johannesburg
4 September 2006
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 04/09/2006 12:58:16 PM Produced by the JSE SENS Department
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