ARI
ARIM
African Rainbow Minerals Limited - ARM and Assore Limited receive
new order mining rights
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")
ARM and Assore Limited receive new order mining rights for Khumani Iron Ore Mine
(held in Assmang Limited) from the Department of Minerals and Energy
Assmang Limited (Assmang), a 50:50 joint venture between African Rainbow
Minerals Limited (ARM) and Assore Limited (Assore), today announced that Assmang
has been granted new order mining rights from the Department of Minerals and
Energy (DME) for its Khumani Iron Ore Mine.
Assmang received written notification from the DME on 16 November 2006 that
Assmang had been granted a mining right to establish an iron ore mine on Portion
5 and Remainder of Bruce 544, Portion 1 and Remainder of the Farm King 561,
Portions 1, 2, 3, 4, 5 and Remainder of the Farm Mokaning 560 and the Remainder
of Parsons 564. These properties are located in the Kuruman district of the
Northern Cape Province.
Production from the new mine, the Khumani Iron Ore Mine, will substantially
replace the iron ore currently being produced at Assmang"s Beeshoek operation
near Postmasburg, which is nearing the end of its mining/ production life.
In its first phase of construction, the mine will have the capability of
producing 10 million tonnes a year of export iron ore. Subject to port and rail
capacity and further board approvals, it is planned to expand the operation to
16.8 million tonnes (16 million export tonnes) per annum. This expansion is
subject to the completion of a feasibility study currently being carried out by
Transnet and it is expected that a decision will be made by September 2007.
ENDS
For all investor relations" queries, please contact:
Pieter Rorich
Office: +27 11 779 1300
Mobile: +27(0)82 570 5064
E-mail: pieter.rorich@arm.co.za
Johannesburg
29 November 2006
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 29/11/2006 02:01:10 PM Produced by the JSE SENS Department
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