Deal #6633

Location #1

Spatial accuracy level
Exact location
Location
Lutzville, 8165, South Africa

Latitude
-31.550903576012836
Longitude
18.09223298440983
Target country
South Africa

Land area

Intended size (in ha)
348.0
Size under contract (leased or purchased area, in ha)
[2012-07-01, current] 200
[2019] 348
Comment on land area
In 2017 MSR applied for an extension of its existing mining right at Tormin- expansion area of 148 hectares. However, the proposal was rejected. In 2019, Government has given the mine the go-ahead to expand its current extraction of mineral sands on ten additional West Coast beaches and on an inland strip of old beach adjoining the existing mine near Lutzville.

Intention of investment

Intention of investment
Mining
Comment on intention of investment
mineral sands deposit, hosting some of the richest concentrated grades of naturally occurring zircon, ilmenite, rutile, magnetite and garnet.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
Concluded (Contract signed)
[2019, current] Concluded (Contract signed)

Implementation status

Implementation status
[2013] Startup phase (no production)

Contract #1

Contract number
(WC)30/5/1/2/2/163 MR

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
170
Current number of jobs (total)
[2018, current] 125

Operating company

Name of investment project
Tormin Mine
Comment on investment chain
One article states MRC has made substantial loans to Blue Bantry since Blue Bantry’s incorporation and that the status on the South African Companies and Intellectual Property Commission’s database was listed as being in the process of deregistration due to annual return non-compliance in 2016.

 

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Data source #1

Data source type
Company sources

Data source #2

Data source type
Media report
File
Publication title
State approves Tormin’s massive West Coast mining expansion
Date
2019-07-15

How did the community react?

Community reaction
Rejection

Promised benefits for local communities

Promised benefits for local communities
Capacity Building
Other
Comment on promised benefits for local communities
Projects such as adult learning programmes and the upgrade of community centres

Materialized benefits for local communities

Comment on materialized benefits for local communities
It is unclear whether the projects have been implemented.

Detailed crop, animal and mineral information

Resources area
[current] Ilmenite, Magnetite, Rutile

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
The company has been caught conducting illegal operations (including illegally clearing vegetation). South African environmental groups and NGO's are objecting over the expansion of land area in 2019 and appealing against condonation of Tormin’s illegal activities.

July 16, 2019, 3:55 p.m.

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Dec. 4, 2018, 11:33 a.m.

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