Rio Tinto approves R8.5bn Zulti South investment, lifts project suspension

From miningweekly.com

Mining major Rio Tinto has approved its subsidiary Richards Bay Minerals’ (RBM’s) Zulti South project, lifting the suspension which had been in place since January 2020. The about R8.5-billion ($473-million) investment is aimed at extending the mine's life to 2050 and ensuring RBM’s operational continuity for years to come. RBM currently operates within the Zulti North lease area, which includes a mineral separation plant and smelting facility. As the orebody at Zulti North declines, Zulti South is indicated to be important to RBM for maintaining a stable supply of zircon, rutile and ilmenite and supporting ... (full story)