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
Hebei Wenfeng Steel to Conduct 4-Day Blast Furnace Maintenance, Affecting 3,500 mt/day Hot Metal Production
11 mins ago
Hebei Wenfeng Steel to Conduct 4-Day Blast Furnace Maintenance, Affecting 3,500 mt/day Hot Metal Production
Read More
Hebei Wenfeng Steel to Conduct 4-Day Blast Furnace Maintenance, Affecting 3,500 mt/day Hot Metal Production
Hebei Wenfeng Steel to Conduct 4-Day Blast Furnace Maintenance, Affecting 3,500 mt/day Hot Metal Production
[Steel Mill Maintenance] Hebei Wenfeng Steel, due to Tangshan's environmental protection-driven production restriction requirements, plans to conduct maintenance on a 1,080 m³ blast furnace on July 27. The maintenance is expected to last 4 days, affecting hot metal production by 3,500 mt/day.
11 mins ago
[GravitHy Files Permits for 2 Million Tonne Hydrogen-Based DRI Plant in France]
22 mins ago
[GravitHy Files Permits for 2 Million Tonne Hydrogen-Based DRI Plant in France]
Read More
[GravitHy Files Permits for 2 Million Tonne Hydrogen-Based DRI Plant in France]
[GravitHy Files Permits for 2 Million Tonne Hydrogen-Based DRI Plant in France]
Hydrogen-based direct-reduced iron project developer GravitHy has filed building permit and environmental authorization applications for its planned low-carbon iron project at Fos-sur-Mer, France. The strategic green steel project targets an annual production of 2 million metric tons of hot briquetted iron (HBI) designed for electric arc furnace (EAF) consumption, which offers European steelmakers a lower-carbon feedstock alternative to coal-based blast furnaces. Operating at full capacity, the plant aims to cut carbon emissions by about 90% compared to conventional processes, avoiding up to 4 million metric tons of CO2 emissions annually.
22 mins ago
[India's SAIL Approves Bhilai Steel Plant Capacity Expansion to 10.2 MTPA]
46 mins ago
[India's SAIL Approves Bhilai Steel Plant Capacity Expansion to 10.2 MTPA]
Read More
[India's SAIL Approves Bhilai Steel Plant Capacity Expansion to 10.2 MTPA]
[India's SAIL Approves Bhilai Steel Plant Capacity Expansion to 10.2 MTPA]
Indian state-run steelmaker Steel Authority of India Limited (SAIL) has formally approved a $3.22 billion expansion project for its Bhilai Steel Plant to enhance crude steel production capacity from 6.8 million tonnes per annum to 10.2 million tonnes. The Engineering, Procurement and Construction Management (EPCM) agreement, signed with MECON, aims to complete the project within 42 months to support India's National Steel Policy target of reaching 300 million tonnes of domestic capacity by 2030. All major raw materials required for the expanded operations will be sourced from SAIL's captive mines alongside domestic and import markets.
46 mins ago
China Railway No.10 and Leone Rock Metals signed iron ore mine phase II mining project contract - Shanghai Metals Market (SMM)