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Congo Republic ships first iron ore from Mayoko project

Mining News - Published on Mon, 22 Apr 2019

Image Source: Business Recorder
Reuters reported that Congo Republic shipped its first iron ore exports on Friday ahead of an expected boom in production from mines owned by Congolese billionaire Mr Paul Obambi’s Sapro SA and Swiss commodities giant Glencore. At a ceremony on Friday in Pointe Noire attended by the mines minister, a ship loaded with 23,000 tonnes of ore set sail for China, where it will be processed for a European buyer.

Sapro mined Central African country’s first iron ore in 2017 from its Mayoko project in the southwest and plans to reach output of 12 million tonnes per year by 2022. Glencore’s joint venture with British Virgin Islands-incorporated Zanaga Iron Ore Co plans to ship 2 million tonnes of iron ore per year over the next two years, and 30 million tonnes by 2024.

Sapro, the Congolese government and British shipping company Ashley Global are also spending a combined USD 550 million on rehabilitation to Pointe Noire’s deep-water port, the Mayoko mine and an old railway track connecting the two.

Source :

Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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