Savannah Resources: Study Confirms Long Life for Mutamba
May 30 2017 - 3:21AM
Dow Jones News
LONDON--Savannah Resources PLC (SAV.LN) said Tuesday it found
from a study that the Mutamba mineral sands project will have a
30-year life and that it will need modest investments.
The Mutamba mineral sands project, for which a first production
of ilmenite and non-magnetic concentrate is targeted in 2020, is
being developed by Savannah and Rio Tinto PLC (RIO.LN).
Savannah said the project will need a pre-production investment
of $152 million and a contingency of $74 million.
-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
May 30, 2017 03:06 ET (07:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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