Cape Town - Mining Indaba: In a move that will see the Kalagadi Manganese project realise it’s full potential, a R2.2 billion loan is received from the African Development Bank (AfDB).
The African Development Bank (AfDB) group CEO Haldara Alhassane revealed that the women-led project forms part of their development and upliftment agenda for Africa.
The Stan Nqobizizwe Nkosi sinter plant is currently in the process of being ramped up for full production, ensuring that the raw ore is beneficiated within South Africa before being sold to the international market.
At the press conference held as a sideline to the Mining Indaba, accompanied by the Mineral Resources Minister Susan Shabangu, chairperson Daphne Mashile-Nkosi reiterated her commitment to seeing the smelter built within the Coega Industrial development zone, at the deep-water Ngqura port near Port Elizabeth.
Now with the AfDB behind them, the project is set to continue it’s journey into the upliftment of South Africa as a world class manganese producer.
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