Work starts on R1.7bn fluorspar mine

July 10, 2017

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Work has begun on the building of an opencast fluorspar mine and concentrator at Rust de Winter, 80 km northeast of Pretoria, Nokeng Fluorspar Mine announced on Monday. The wholly owned subsidiary of SepFluor said that the R1.7-billion finance for the 21-month project had been raised through a mixture of debt and shareholder equity.   Key equity participants include: • the African Minerals Exploration and Development Fund II SICAR (AMED II), a private equity …

Category: General