|Siyanda Resources Ventures|
|Dense Media Separation|
Kangwane is an anthracite coal deposit near Komatipoort in the Mpumalanga province.
The current shareholders are ZYL Limited (60%), Siyanda Resources (Pty) Ltd (22,5%), Double Ring Mining (Ltd) Pty (10%), Opes Capital (2,5%) and Kangwane Community (5%).
The BFS process is currently underway and RSV has produced a CPR with the following key aspects:
The BFS is set for completion in November 2012, with the mining licences coming in 2013. The plan is to capitalise the mine in July / August 2013 with civil work starting in September 2013. Production is estimated to commence during the first quarter of 2014.