China Railway No.10 and Leone Rock Metals signed iron ore mine phase II mining project contract

Published: Jun 5, 2023 11:44
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.

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 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Glencore to Massively Expand Copper Capacity

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Announcement on Baosteel's Adjustment of China Futures Selling Prices for Sheets & Plates in August 2026
2 hours ago
Announcement on Baosteel's Adjustment of China Futures Selling Prices for Sheets & Plates in August 2026
Read More
Announcement on Baosteel's Adjustment of China Futures Selling Prices for Sheets & Plates in August 2026
Announcement on Baosteel's Adjustment of China Futures Selling Prices for Sheets & Plates in August 2026
2 hours ago
7.10 SMM Global Steel Daily
2 hours ago
7.10 SMM Global Steel Daily
Read More
7.10 SMM Global Steel Daily
7.10 SMM Global Steel Daily
[Plate/HRC] Plate export prices ease, HRC deals at 488-495 USD/tonne On 10 July China's HRC and other plate export prices fell 1-2 USD/tonne day on day, with HRC export deals at 488-495 USD/tonne FOB. A recent slowdown in yuan appreciation pushed prices modestly lower during the week; overseas demand showed no clear improvement and export order-taking stayed quiet. [Billet] Export billet FOB steady at 459-462 USD/tonne FOB Jiangyin, order-taking weak On 10 July China's export billet FOB price held steady, quoted at 459-462 USD/tonne at Jiangyin port. According to market feedback, although there were inquiries, deal prices in some Southeast Asian import markets were about 10 USD/tonne below domestic offers; with limited room for concessions, mills' billet export order-taking remained unsatisfactory, with most order shipments in August-September. [Rebar] Export rebar prices little changed, typhoon slows southeast-coast shipments On 10 July, according to market feedback, export rebar prices have shown little movement recently with relatively limited room for negotiation; typhoon weather has slowed the pace of shipments from southeast coastal areas.
2 hours ago
Limited Short-Term Upside and Downside for Ferrous Metals [SMM Steel Industry Chain Weekly]
2 hours ago
Limited Short-Term Upside and Downside for Ferrous Metals [SMM Steel Industry Chain Weekly]
Read More
Limited Short-Term Upside and Downside for Ferrous Metals [SMM Steel Industry Chain Weekly]
Limited Short-Term Upside and Downside for Ferrous Metals [SMM Steel Industry Chain Weekly]
This week, finished steel rebounded slightly after consolidating at lows, while coking coal and coke showed overall satisfactory performance. At the start of the week, with no significant changes in fundamentals or news, ferrous metals continued to consolidate at lows; in the second half, market rumors emerged that BHP’s union announced a work stoppage action. Expectations of short-term supply tightness from the potential stoppage, combined with rising energy costs due to Middle East conflicts, drove a rebound in iron ore prices, which in turn lifted ferrous metals; online auctions for coking coal showed mixed results...
2 hours ago
China Railway No.10 and Leone Rock Metals signed iron ore mine phase II mining project contract - Shanghai Metals Market (SMM)