Recently, China Railway No.10 Engineering Group Africa Company and Leone Rock Metals Group signed the EPC general contract for the construction of the second phase of the 12 million mt/year beneficiation plant of the Tonkolili iron ore mine in the Republic of Sierra Leone and the second phase of the iron ore mining project contract, with a total contract value of $520 million. The Tonkolili iron ore mine is located in the Tonkolili mining area in the Northern Province of the Republic of Sierra Leone.
The proven reserves of Tonkolili mine are about 11.9 billion mt, and it is one of the largest single magnetite in the world. The main engineering content of the second-phase mining and mineral processing project is to build a mineral processing plant with an annual output of 12 million mt, which will mine and process transition layer iron ore. The mining project mines and strips a total of 18 million mt of ore per year. The contract period includes the preliminary preparation and trial production period of 16 months, and the official production period of 10 years. The beneficiation project includes the construction of a 12 million mt/year of beneficiation plant and the repairing of the existing 1B processing plant. The contract period is 18 months.
More popular news:
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
![[Analisis Impor dan Ekspor Baja SMM] Penerimaan Pesanan Ekspor Meningkat pada Juli, Akankah Ekspor Baja Pulih pada Agustus?](https://imgqn.smm.cn/usercenter/SduBz20251217171716.jpg)
![Gangguan pada sisi bahan baku terus berdampak pada tren logam besi [Laporan Mingguan Rantai Industri Baja SMM]](https://imgqn.smm.cn/usercenter/ewsJF20251217171746.jpg)
