Bold Bataar, mining giant Rio Tinto's Chief Executive for Energy and Minerals, speaks on the first day of the Mining Indaba 2017 Conference.
JOHANNESBURG - Rio Tinto has announced a R6,5-billion investment in its mineral sands business in KwaZulu-Natal.
The global mining group said that the investment would sustain the capacity of Richards Bay Minerals by developing a new mine called Zulti South.
Production from Zulti South will commence in time to fill a widening supply gap from the group's Zulti North mine.
RBM produces predominantly rutile, zircon, titania slag and high purity iron.
Rio Tinto has held a 74 percent stake in RBM since 2012 and manages the operation.