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JSPL plans Namibia's second iron ore mine-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
2/28/2018 Copper exhibition -non-ferrous metals expo |
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Reuters reported that plans to open Namibia¡¯s second iron ore mine are being pursued by an Indian-controlled company called Blake Trading. The group, which is majority owned by a subsidiary of Indian steel giant Jindal Steel and Power called Jindal Steel and Power Mauritius Ltd, expects the planned mine east of the capital Windhoek to have a potential lifespan of 40 years.
The documents show that Iron ore mining at the new facility will begin with the processing of 1 million tonnes of ore per year, increasing to 10 million tonnes thereafter.
The proposed mining activities entail the development of an open pit mine and related ancillary works to extract ore, which is estimated will be concentrated to around 70 percent iron.
Jindal is a steel manufacturing company that has an internal demand for iron ore and the planned mine will secure this, with concentrated iron ore transported to Walvis Bay for shipment to international markets.
Initial exploration results indicated the presence of an economically mineable ore reserve and the company plans to start mining on the defined ore reserves, while exploration continues.
The project has an estimated total power demand of 15 MW and preliminary talks with Namibian power utility NamPower indicate it is ready to meet this, documents show.
-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
-Non-Ferrous Metal exhibition, 2018
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