Bit of digging found the following. Lets hope they're putting 2+2 together also..
"The provisionally liquidated
Mapochs mine has been sold under the hammer to
International Resources Limited (IRL) of
China, BiddersChoice MD
Pieter Geldenhuys confirmed to
Mining Weekly Online on Friday.
In February last year, the
Evraz Highveld Steel and
Vanadium business rescue practitioners announced that they would seek to sell individual
components of the
steel and
vanadium company following a failure to conclude the sale of the entire
business to IRL, which owned the stockpile at the mine ahead of Thursday's auction.
The mine, which was originally part of Anglo American, has its own
rail network, train station and train store and formerly operated at a rate of 2.2-million tonnes a year.
Following its acquisition from Anglo by the Russian group Evraz several years ago,
Mapochs supplied ore for the production of both
steel and
vanadium to
Evraz Highveld Steel and
Vanadium.
Situated in
Mpumalanga province, 5 km from the town of
Roossenekal on the
road to Steelpoort, the mainly
opencast and partially
underground mine is on a large footprint that provides scope for expansion.
The R50-million deposits bidders were required to pay into trust accounts ahead of the auction constituted the value of opening bids.
Sold were the mine’s right to extract magnetite ore that includes
vanadium and
iron-ore, and many other metals and minerals.
The successful bidder has also acquired crushers,
conveyors,
electrical substations, thickener plants and other
mining infrastructure on the 6 211 ha property consisting of various farm portions, as well as various residential properties in
Roossenekal."
