South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron ore project in the Republic of the Congo.. As per the agreement, Exxaro will pay up to A$0.57 a share to all African Iron shareholders if the South African firm acquires 75% or more of the fully …
The Mayoko Iron Ore Project, which is the larger one of the two, lies on the Precambrian Congo Crator of West Africa and covers 1,000km2. The area is characterised by meta-sedimentary …
Nimba Alliance Iron Ore Project The Nimba Alliance Iron Ore Project is in the Nzérékoré Region of Guinea, West Africa. The project is situated immediately north of the Mount Nimba ridge, a strategic location that straddles the borders of Guinea, Liberia, and Côte D'Ivoire. The project area, covering 483km, is…
DMC Mining (ASX:DMM) has struck an deal for the future haulage of iron ore from the company's Mayoko Project in the Democratic Republic of Congo to the port...
Mayoko Iron Ore Project Mine is an iron ore mine operating in Brazzaville, Republic of the Congo.. Location. The map below shows the approximate location of the mining asset in Brazzaville, Brazzaville, Republic of the Congo:
Lekoumou and Ngongo iron ore projects (part of the larger Mayoko project), near the town of Mayoko in the Republic of the Congo (RoC). 2.2 MINERAL ASSETS NOT ATTRIBUTABLE TO EXXARO Mafube coal mine in Mpumalanga province, near the town of Middelburg Moranbah South project near the town of Moranbah, eastern Australia
Exxaro's Mayoko iron ore project in Congo Cape Town, South Africa — 05 June 2012 – South African diversified miner Exxaro is to upgrade a railway line in the Republic of Congo to transport at least 10Mtpa by 2016 as it moves to exploit its recently acquired Mayoko iron ore project in that country. The French-built railway, constructed in 1931, currently has a …
the difficult economic climate for iron ore projects, Mayoko-Moussondji capitalises on its competitive advantages of product quality and infrastructure availability, and captures a first-mover advantage in the regional iron ore industry". Chairman of Interalloys, Mr Nick Clarke, commented: "The acquisition of Mayoko-Moussondji is an ...
Exxaro has warned shareholders that it will write down its R5.36 billion investment in the Mayoko Iron Ore project in the Republic of Congo (RoC). The Concept Study on the revised 12 Mt Mayoko Project was concluded during June 2014. However, to date, Exxaro has not been successful in concluding the definitive port and rail agreements for the ...
Exxaro Resources has been granted a mining convention for the Mayoko Iron Ore Project, located in the Republic of Congo, which upon production commencement will see CFE receive significant royalty payments on an ongoing basis. Production from Mayoko is due to commence in H2 2014 at a rate of 30,000 tonnes per month, rising to
Following the global economic downturn and collapse of iron ore prices in 2014, Exxaro took a decision to stop all project development activities and in June 2014 announced the impairment of the Mayoko Project. It is expected that iron ore prices will remain depressed over the foreseeable future.
assessment of infrastructure and services surrounding the Mayoko Iron Ore Project. The project review covered railway, roads & access, power, water, port and communications. The existing …
Mayoko-Moussondji is located adjacent to South Africa's Exxaro Mining's Mayoko-Lekoumou 2 million mt/year iron ore mine. The two Mayoko projects are intersected by the existing bulk commodity railway that runs directly to the deepwater port of Pointe-Noire. The railway is owned and operated by state-owned Chemin de Fer Congo-Ocean and the port ...
Mayoko Iron Ore Project ("Mayoko Project" or "Mayoko"), located in the Republic of Congo, West Africa (refer Figure 1). The Company has previously advised the market of the results of the Phase 1 drill program (18 diamond holes for 3,687m) (refer ASX Announcement dated 14
JOHANNESBURG (Reuters) – South African mining group Exxaro has taken a 5.8 billion rand ($543 million) write-down on its Mayoko iron ore project in the Republic of Congo after failing to reach port and rail agreements, the company said on Wednesday. Exxaro acquired the Mayoko project in 2012 as part of a takeover of Africa Iron as it sought to expand investment …
Natural resources investor Nick Clarke bought Mayoko from ASX-listed Equatorial Resources in 2015 for A$5 million, when iron ore prices languished around US$50/t. Equatorial spent US$85...
The ore quay at Saldanha has two berths where two vessels of 310,000 deadweight tonnage can simultaneously tie up at the iron ore jetty. The terminal operates 24/7 and has the capacity to offload 10,000 tonnes per hour onto a …
South African company Exxaro Resources has completed the sale of its Mayoko Iron Ore Project in Congo to Sapro. The Mayoko Project was acquired by Exxaro in 2012 and …
The project currently has a Joint Ore Reserves Committee-compliant mineral resource of 121-million tons of iron-ore, consisting of a hematite cap of direct shipping ore (DSO) at 55% iron and ...
Sapro mined the oil-dependent 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.
The transfer of ownership of the Mayoko iron-ore project to Congolese company Sapro SA was concluded last week. The JSE-listed South African group, which acquired the project in 2012, put the ...
Simandou iron ore project update. SYDNEY--(BUSINESS WIRE)-- Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
The Mayoko iron ore project is located in the south - west corner of the Republic of Congo and is approximately 300km no ...End of the details preview. Please Log in or Subscribe for ALL the information.
Exxaro plans to boost profitability by expanding into iron ore at the Mayoko project and elsewhere after a failed bid for Australian producer Territory Resources. The coal company's holding in ...
Exxaro wrote-down assets totalling R5.96bn in its 2014 financial year of which R5.76bn related to the Mayoko project. Exxaro bought Mayoko after successfully bidding R2.8bn for Australian-listed African Iron in January 2012. Exxaro then spent a further R3bn on the project which it believed could produce 12 million tonnes a year (mtpa) of iron ore.
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"From now on, the value chain from production to export of Mayoko iron is in place. For the railway part, this project will be carried out by Thelo DB, a consortium bringing together a South African and German group." For detailed data on rail projects in Africa and around the world, subscribe to IRJ Pro.
It operates an iron-ore project at Mayoko, which it procured from the South African Exxaro Resources Limited in 2016. The company sold the enterprise due to its inability to secure port and rail agreements with the Congolese government, booking a …
Cameroon's Premier Port, Rail and Mine Project • 510km railway for transport of iron ore with 70km spur line connecting Nabeba deposit • Mineral Terminal Facility at Lolabe capable of taking "China Max" bulk iron ore carriers of up to 300,000 DWT • Stage 1: Production rate of 35Mtpa Direct Shipping Ore for a minimum 10 years • Stage 2: Continued production at 35Mtpa of high …
[miningmx] – A STUDY into events that led to the R5.8bn write-down of Exxaro Resources' Mayoko iron ore project found the group failed to observe internal governance procedures as it rushed to secure "first mover …
-Moussondji Iron Ore Project ("Mayoko Table 1: DTR Concentrate Results -Moussondji these results demonstrate the superb esults are superior to other regional and international -Moussondji. We are very encouraged as this is the first step of a Fe SiO 2 Al2O3 P % % % % 68.9 3.7 0.11 0.010