Nava Bharat engages South Africa firm to build coal mine
Posté: Ven 3 Sep 2010 23:43
Nava Bharat engages South Africa firm to build coal mine
Nava Bharat Ventures Ltd., the new owner of Maamba Collieries, has signed a US$20mn contract with ELB Engineering services of South Africa to build a coal processing plant in Maamba.
Maamba Collieries Ltd CEO, Mumba Kalunga, said the construction of the new processing plant is expected to start soon and will take about 40 weeks to complete, adding that mining activities will however start immediately.
Production from the new plant is expected by June 2011.
Investment at Maamba Collieries is being done in 3 phases. The first phase will be construction of the coal processing plant, phase 2 will involve infrastructure around the mine focusing on housing, while the last phase will involve construction of the road and the thermal plant with capacity of producing 300Mw, and eventually increased to 900Mw.
Last December ZCCM- Investment Holdings Plc (ZCCM-IH) and Nava Bharat of Singapore signed a share sale purchase agreement which resulted in Nava Bharat acquiring a 65% equity stake in Maamba and ZCCM-IH retaining the 35% - http://www.daily-mail.co.zm; Daily Mail, Friday September 3, Pg 4; http://www.times.co.zm; Times of Zambia, Friday September 3, Pg 7.
Nava Bharat Ventures Ltd., the new owner of Maamba Collieries, has signed a US$20mn contract with ELB Engineering services of South Africa to build a coal processing plant in Maamba.
Maamba Collieries Ltd CEO, Mumba Kalunga, said the construction of the new processing plant is expected to start soon and will take about 40 weeks to complete, adding that mining activities will however start immediately.
Production from the new plant is expected by June 2011.
Investment at Maamba Collieries is being done in 3 phases. The first phase will be construction of the coal processing plant, phase 2 will involve infrastructure around the mine focusing on housing, while the last phase will involve construction of the road and the thermal plant with capacity of producing 300Mw, and eventually increased to 900Mw.
Last December ZCCM- Investment Holdings Plc (ZCCM-IH) and Nava Bharat of Singapore signed a share sale purchase agreement which resulted in Nava Bharat acquiring a 65% equity stake in Maamba and ZCCM-IH retaining the 35% - http://www.daily-mail.co.zm; Daily Mail, Friday September 3, Pg 4; http://www.times.co.zm; Times of Zambia, Friday September 3, Pg 7.