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 to learn 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
[SMM Steel] Australia Opens AD Investigation into Galvanized Steel Imports from South Korea and Vietnam
2 hours ago
[SMM Steel] Australia Opens AD Investigation into Galvanized Steel Imports from South Korea and Vietnam
Read More
[SMM Steel] Australia Opens AD Investigation into Galvanized Steel Imports from South Korea and Vietnam
[SMM Steel] Australia Opens AD Investigation into Galvanized Steel Imports from South Korea and Vietnam
[SMM Steel] Australia's Anti-Dumping Commission has launched an anti-dumping investigation into imports of zinc-coated (galvanized) steel from South Korea and Vietnam following a complaint filed by domestic producer BlueScope Steel. The investigation covers imports during January-December 2025, with allegations that the products were sold below normal value and caused material injury to Australia's domestic steel industry. The case adds to the growing number of trade remedy measures affecting global steel trade flows.
2 hours ago
[SMM Steel] US Overtakes Netherlands as Turkey’s Largest Scrap Supplier in Jan-Apr 2026
2 hours ago
[SMM Steel] US Overtakes Netherlands as Turkey’s Largest Scrap Supplier in Jan-Apr 2026
Read More
[SMM Steel] US Overtakes Netherlands as Turkey’s Largest Scrap Supplier in Jan-Apr 2026
[SMM Steel] US Overtakes Netherlands as Turkey’s Largest Scrap Supplier in Jan-Apr 2026
[SMM Steel] Turkey's scrap imports increased by 0.4% YoY to 6.59 million tonnes in January-April 2026, while import value rose 1.5% YoY to $2.51 billion. The US became Turkey’s largest scrap supplier, with shipments rising 34% YoY to 1.41 million tonnes, overtaking the Netherlands, whose exports fell 26.6% YoY to 861,246 tonnes. Strong growth was also recorded from Romania, while lower imports from Belgium and Germany limited overall import growth.
2 hours ago
[SMM Steel] Japan Launches AD Probe into Flat Steel Imports from China, South Korea and Taiwan
2 hours ago
[SMM Steel] Japan Launches AD Probe into Flat Steel Imports from China, South Korea and Taiwan
Read More
[SMM Steel] Japan Launches AD Probe into Flat Steel Imports from China, South Korea and Taiwan
[SMM Steel] Japan Launches AD Probe into Flat Steel Imports from China, South Korea and Taiwan
[SMM Steel] Japan has initiated an anti-dumping investigation into imports of flat steel products, including hot-rolled and cold-rolled coils, strips, and sheets, from China, South Korea, and Taiwan. The probe, requested by major steelmakers such as Nippon Steel and JFE Steel, is expected to last one year. Japanese producers allege that imported products were sold at prices of up to 50% below fair market value, causing injury to the domestic industry. The move reflects growing concerns over global steel overcapacity and increasing trade protection measures across major steel-producing regions.
2 hours ago
China Railway No.10 and Leone Rock Metals signed iron ore mine phase II mining project contract - Shanghai Metals Market (SMM)