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Masingita Mining is a Black Company that is the most recent creation of the Masingita Group. This subsidiary is a mining contractor in the area of Iron Ore and Coal. Currently the Mining sector holds 1 mine under its fold and provides service to: Iscor-Thabazimbi.Plans are in place to acquire two more contracts in 2003/4 financial year. Masingita Mining will also expand its mineral rights.
With the association between Masingita sisters companies it is only a matter of time before the Masingita Magic is swung into action, and the company becomes involved in diamond mining. Thought it's sister companies. This is envisaged in South Africa in 2003/04 year & in Southern Africa by 2007.This Company is owned 100% by Masingita Group and it has assets worth R 120 million to date. Masingita Mining uses exclusively Hitachi and Belaz in its mining operations in the main.
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