Oman-Australian JV to Develop Pelletizing Plant in South Africa

Times of Oman reports that an Oman-based investment company, Anvwar Asian Investments, and an Australian iron ore developer are jointly planning to develop an integrated iron ore mine along with a large pelletising plant in South Africa.

As quoted in the market news:

The $1.5 billion mining venture – Ferrum Iron Ore – has granted mining right over three farms covering 53 square kilometres. The project concept is based on mining, crushing and separating at the Moonlight mining area, to produce concentrate, which will be pumped by slurry pipeline to Thambazimbi, some 220km away. 

Read the full story on Times of Oman here