Project overview
About this development
The Riversdale Anthracite Colliery project (RAC) is a niche metallurgical anthracite project located in a mature anthracite coal field near Vryheid in northern KwaZulu-Natal. The project meets all of RAC’s key project criteria and is significant as the last undeveloped low impurity anthracite project in South Africa. The RAC anthracite is marked by particularly low phosphorous content and low sulphur content which is essential to ferrochrome and ilmenite smelting. South Africa’s anthracite industry is mature, and mine closures due to reserve exhaustion in 2015-2016 have left a depleting supply of low impurity anthracite. This has resulted in ferrochrome customers being willing to tolerate higher ash content (and thus better washing yields) provided that impurities are sufficiently low. The project will require a capital investment of A$24 million. The exact co-ordinates are currently not available however the approximate area of location is lat: -27.8161909; long: 30.7897137.
Project at a glance
Riversdale Anthracite Colliery is located in KwaZulu-Natal (035). The project is classified in the Private sector. Its current recorded stage is L2B Shelved. The recorded project value is R 200 Million+.