South African Limestone Mining Company Continental Cement
A leading Chinese cement group has cut a deal with two South African companies to build a new R1,65bn cement manufacturing plant in Limpopo. Black women-owned Women Investment Portfolio Holdings Limited (Wiphold), and South African limestone mining company, Continental Cement (Conticem) agreed on a joint venture with China's Jidong Development.May 14, 2010 China’s Jidong Development and the China-Africa Development Fund will hold 51 per cent of the venture. South African investment group Women Investment Portfolio Holdings, or Wiphold, and limestone miner Continental Cement will hold the remainder. The plant will be constructed and operated by Jidong, the companies said in a statement.Established in 1975 the company boasts a substantial fleet of equipment and although traditionally operations were predominantly based in the coal sector, current operations have extended into platinum, andalusite, gold, phosphate, manganese, limestone and diamonds with strategic intent being to diversify into other mineral sectors and grow our geographical footprint.Sales of high quality limestone products average around 15,000t per month with adequate mining and processing facilities in place to accommodate market growth. Company Structure and supply Inca Mining forms part of the PBD division and umbrella, where combined, the business sells in excess of half a million tons of various limestone’s per annum.