Thursday, May 17, 2007

ARM okays $574 mln to build Khumani iron ore mine

(Reuters) - Mining group African Rainbow Minerals Ltd said its Assmang unit has approved capital expenditure of 4 billion rand to build the Khumani iron ore mine and export facilities.

"The board of directors has approved a total capital expenditure of 4.0 billion rand to construct the Khumani Mine, which includes anticipated escalation costs," a statement said.


Read more at Reuters Africa

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