Kazera Global Gets Mining Permit in South Africa
By Kyle Morris
Kazera Global PLC said Wednesday that the permit at the Walviskop mine in South Africa for its 60%-owned Whale Head Minerals subsidiary has been granted.
The AIM-listed company said that the five-year permit will facilitate the start of heavy mineral sands production.
The Walviskop mine is expected to generate positive cashflow within the next six months and produce around 6,000 tons of heavy mineral sands a month. Estimated gross profit is seen at more than $300,000 a month at current prices.
Write to Kyle Morris at kyle.morris@dowjones.com
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