Photo credit: Mayur Resources
According to Mayur Industrials chief operating officer Trent Alexander, construction on the Central Cement and Lime (CCL) project will begin in the first half of next year.
Mayur Industries is a Mayur Resources Ltd subsidiary.
The first phase of the project, a 2 Kiln Quick/Hydrated lime factory, cost around K300 million, according to Alexander.
A K1 billion clinker and cement project is planned for the second phase.
“Now with all statutory approvals in place, once the final project agreement is signed between the landowners, provincial and state governments and the developer (Mayur), a financial investment decision on phase one would be expected,” he said.
“Phase two depends on customers and their final commitment to support the project.
“In quicklime, we have customers supporting circa 100 per cent of the kilns capacity.
“Presently on cement, we have circa 60 per cent of the production volume being supported by customers, we are aiming to bring that up to between 80 to 90 per cent,” he said.
“Once this occurs, we will examine a financial investment decision on the K1 billion expansion.
“The sooner we can do this the better.
“There are certain boxes that must be ticked, but with a very solid foundation now laid, we are confident this will come.”
According to Alexander, the project will produce about 1,800 construction employment, as well as hundreds of ongoing direct and indirect jobs.
The first phase will take 18 to two years to complete.
Construction offers from both the local and international markets have been received.
Reference: Esila, Peter. The National (20 September 2021). “Construction work on cement, lime project to begin next year”.
