Kumba - Inyanda joint venture secures new order mi
KMB
KMB
Kumba - Inyanda joint venture secures new order mining rights
Kumba Resources Limited
(which name has been changed to Exxaro Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2000/011076/06)
(Current share code: KMB)
(Current ISIN: ZAE000034310)
(Share code with effect from 27 November 2006: EXX)
(ISIN with effect from 27 November 2006: ZAE000084992)
("Kumba" or "the company")
Inyanda joint venture secures new order mining rights
Kumba Resources Limited (Kumba) and Eyesizwe Coal (Eyesizwe) today
announced that the Inyanda coal mine, the companies" 50:50 joint venture,
has been granted new order mining rights from the Department of Minerals
and Energy.
Development of the Inyanda mine has been subject to attainment of the
mining rights, as well as the go-ahead of expansion of the Richards Bay
Coal Terminal (RBCT) which was approved earlier this year.
The Inyanda mine is situated near Witbank in Mpumalanga province and will
produce 1Mtpa of A-grade thermal coal for the export market, via RBCT.
Construction can now commence and the mine is expected to reach full
production in 2008. Capital expenditure is estimated at R184 million.
The Inyanda mine will be operated by Exxaro, the re-named and re-listed
Kumba effective from 27 November 2006, and which is a result of Kumba"s
empowerment transaction. As South Africa"s flagship empowerment company,
Exxaro will include the merged assets of Eyesizwe Coal.
www.kumbaresources.com
For further information contact:
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
13 November 2006
Sponsor: J.P.Morgan Equities Limited
Date: 13/11/2006 10:09:04 AM Produced by the JSE SENS Department
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