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
[JTL Engineering to Double Narrow-Width HRC Capacity to 120,000 Tonnes Annually]
22 mins ago
[JTL Engineering to Double Narrow-Width HRC Capacity to 120,000 Tonnes Annually]
Read More
[JTL Engineering to Double Narrow-Width HRC Capacity to 120,000 Tonnes Annually]
[JTL Engineering to Double Narrow-Width HRC Capacity to 120,000 Tonnes Annually]
India’s JTL Industries Limited said its subsidiary, JTL Engineering Limited, will invest approximately 1.6USD million (150million INR) to expand its narrow-width hot-rolled coil manufacturing capacity. The project will double capacity from 5,000tonnes/month to 10,000tonnes/month, equivalent to an increase from 60,000tonnes/year to 120,000tonnes/year, and is scheduled for commissioning in Q4 FY2026-27. The upgrade will also raise the maximum coil width from 9inches (228.6mm) to 11inches (279.4mm), enabling the company to manufacture a broader range of specifications. JTL Engineering uses sponge iron and ferrous scrap as its principal raw materials, while the additional output is expected to strengthen JTL Industries’ backward integration and captive HRC supply.
22 mins ago
[SMM Analysis] July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China's Contraction
1 hour ago
[SMM Analysis] July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China's Contraction
Read More
[SMM Analysis] July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China's Contraction
[SMM Analysis] July 2026 Global Crude Steel Market Outlook: Overseas Resilience vs. China's Contraction
Global crude steel output reached 149.2 Mt in July 2026 (-0.3% YoY). China's daily drop (-11.1%) dragged global figures, while overseas output grew to 72.3 Mt (+3.5% YoY; Jan–Jul +2.4%). Real overseas gains were powered by EU trade safeguards (+3.8% YoY) and South Korea's anti-dumping measures (daily +4.1% MoM). Gains in Vietnam (+34.7%) and Russia (+3.3%) stem from low base distortions. Key watchpoints: EU Q3 quotas, scrap floor at 370USD/tonne, and China’s September recovery timing.
1 hour ago
[SMM Analysis] Off-Season for Traditional Building Materials Demand Nears Its End
2 hours ago
[SMM Analysis] Off-Season for Traditional Building Materials Demand Nears Its End
Read More
[SMM Analysis] Off-Season for Traditional Building Materials Demand Nears Its End
[SMM Analysis] Off-Season for Traditional Building Materials Demand Nears Its End
According to SMM statistics, total building materials inventory stood at 8.1925 million tonnes this period, down 133,400 tonnes or 1.6% from the previous period.
2 hours ago