Project overview
About this development
The project is located in the northern limb of the Bushveld Complex, comprising a group of seven adjacent farms with the rights cover 165km². Combined in situ inferred mineral resources are estimated at 32.9 million tonnes. The plan is to build a pilot smelter to a far larger pig iron plant. The full scale plant will require the construction of 4 x 75 MW direct current smelters. Ironveld expects to mine 2.4 million tonnes a year of magnetite as feedstock for its eventual one-million-tonne-a-year plant. The initial investment at $60 million,with the eventual larger plant requiring capital expenditure of $938 million. The exact co-ordinates are currently not available however the approximate area of location is lat: -23.9788667; long: 27.9949611.
Project at a glance
Ironveld Pig Iron Project, Limpopo is located in Limpopo (015). The project is classified in the Private sector. Its current recorded stage is Cancelled. The recorded project value is R 200 Million+.