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Top Africa Iron Ore Producer Adds 20 Years to Life of Giant Mine


Feb 23 2021, 9:35 PM
February 23 2021, 11:24 AM
February 23 2021, 9:35 PM
(Bloomberg) Anglo American Plc’s South African iron ore unit said it plans to spend 3.6 billion rand ($246 million) to extend the life of its giant Sishen open pit operation to 2040 through the use of new technology.
(Bloomberg) Anglo American Plc’s South African iron ore unit said it plans to spend 3.6 billion rand ($246 million) to extend the life of its giant Sishen open pit operation to 2040 through the use of new technology.
The sprawling Sishen operation in South Africa’s Northern Cape province would continue to mine for the next two decades as the company improves efficiency and deploys new technology through its high-density media separation project, Themba Mkhwanazi, chief executive officer of Kumba Iron Ore Ltd., said in a statement Tuesday. Kumba had initially planned to mine at Sishen for the next 13 years. ....

South Africa , United States , Northern Cape , South African , Themba Mkhwanazi , Timo Smit , Kumba Iron Ore Ltd , Anglo American Platinum Ltd , Bloomberg Anglo American Plc South African , Sibanye Stillwater Ltd , American Plc , Kapstevel South , Sibanye Stillwater , Anglo American Platinum , Parent Anglo American , All Share Index , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கேப் , டைமோ ஸ்மீட் , கும்பா இரும்பு ஒரே லிமிடெட் , ஆங்கிலோ அமெரிக்கன் வன்பொன் லிமிடெட் , அமெரிக்கன் ப்ல் , ஆங்கிலோ அமெரிக்கன் வன்பொன் , பெற்றோர் ஆங்கிலோ அமெரிக்கன் , அனைத்தும் பகிர் குறியீட்டு ,

Top Africa Iron Ore Miner Extends Life of Giant Mine to 2040


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Top Africa Iron Ore Miner Extends Life of Giant Mine to 2040
Kumba increased its final dividend payout to 86% of headline earnings from 75% a year earlier.
By Felix Njini, Bloomberg
23 Feb 2021 
09:15 
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Anglo American Plc’s South African iron ore unit said it plans to spend R3.6 billion ($246 million) to extend the life of its giant Sishen open pit operation to 2040 through the use of new technology.
The sprawling Sishen operation in South Africa’s Northern Cape province would continue to mine for the next two decades as the company improves efficiency and deploys new technology through its high-density media separation project, Themba Mkhwanazi, chief executive officer of Kumba Iron Ore Ltd., said in a statement Tuesday. Kumba had initially planned to mine at Sishen for the next 13 years. ....

South Africa , United States , Northern Cape , South African , Themba Mkhwanazi , Timo Smit , Kumba Iron Ore Ltd , Anglo American Platinum Ltd , Sibanye Stillwater Ltd , Anglo American Plc South African , Anglo American Plc , Kapstevel South , Sibanye Stillwater , Anglo American Platinum , Parent Anglo American , All Share Index , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கேப் , டைமோ ஸ்மீட் , கும்பா இரும்பு ஒரே லிமிடெட் , ஆங்கிலோ அமெரிக்கன் வன்பொன் லிமிடெட் , ஆங்கிலோ அமெரிக்கன் ப்ல் , ஆங்கிலோ அமெரிக்கன் வன்பொன் , பெற்றோர் ஆங்கிலோ அமெரிக்கன் , அனைத்தும் பகிர் குறியீட்டு ,