STEFANUTTI STOCKSR600m Sishen contract bagged

Stefanutti Stocks has secured a contract worth R600 million from the Sishen Iron Ore Company (SIOC) for the construction of a medium- and long-term maintenance facility. SIOC is a subsidiary of Kumba Iron Ore, which is a business unit of Anglo American. The contract involves the construction of workshops and buildings to support a new fleet of the largest open-pit mining haul trucks and excavators ever used in local mines as well as the construction of roads, parking areas and environmental management structures. The project will be completed in the fourth quarter of next year. The contract award follows a number of successful projects completed by Stefanutti Stocks for Kumba. These projects include the water reservoirs and administration offices at the new Kolomela mine in the Northern Cape, drainage on the Kolomela rail link to the Sishen-Saldanha iron ore rail line, the bucket and bowl workshop on the Sishen mine, the bulk water pipelines for the Sishen West expansion and the waste spreader project. Stefanutti Stocks’ shares fell 0.47 percent to R10.65 yesterday. – Roy Cokayne