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
[SMM Analysis] Bayan Ownership Rumor Puts Indonesia Coal Consolidation and RKAB Strategy in Focus
6 hours ago
[SMM Analysis] Bayan Ownership Rumor Puts Indonesia Coal Consolidation and RKAB Strategy in Focus
Read More
[SMM Analysis] Bayan Ownership Rumor Puts Indonesia Coal Consolidation and RKAB Strategy in Focus
[SMM Analysis] Bayan Ownership Rumor Puts Indonesia Coal Consolidation and RKAB Strategy in Focus
6 hours ago
[Mexico Finalizes Steep Anti-Dumping Duties on Chinese, Vietnamese Hot-Rolled Steel]
7 hours ago
[Mexico Finalizes Steep Anti-Dumping Duties on Chinese, Vietnamese Hot-Rolled Steel]
Read More
[Mexico Finalizes Steep Anti-Dumping Duties on Chinese, Vietnamese Hot-Rolled Steel]
[Mexico Finalizes Steep Anti-Dumping Duties on Chinese, Vietnamese Hot-Rolled Steel]
Mexico's Ministry of Economy (SE) issued a notice on September 3 finalizing affirmative anti-dumping measures on hot-rolled steel from China and Vietnam, with definitive duties taking effect the day after publication in the official gazette. For Chinese producers, duties are set at US$0.3087/kg for Shanghai Meishan Iron and Steel, US$0.3050/kg for Wuhan Iron and Steel, US$0.3070/kg for cooperating producers not selected in the sample, and US$0.3087/kg for all other Chinese exporters. Vietnamese producers face US$0.2719/kg for Formosa Ha Tinh Steel, and US$0.2855/kg for Hoa Phat Dung Quat and all other Vietnamese exporters. The measures cover flat-rolled hot-rolled steel products of iron, carbon, or alloy steel with thicknesses up to 25.4mm. The case originated from an investigation launched March 3, 2025, with preliminary duties announced March 23, 2026.
7 hours ago
[Krakatau Steel Names Willgo Zainar New President Director, Replacing Akbar Djohan]
7 hours ago
[Krakatau Steel Names Willgo Zainar New President Director, Replacing Akbar Djohan]
Read More
[Krakatau Steel Names Willgo Zainar New President Director, Replacing Akbar Djohan]
[Krakatau Steel Names Willgo Zainar New President Director, Replacing Akbar Djohan]
PT Krakatau Steel (Persero) Tbk (KRAS) has announced a reshuffle of its Board of Directors and Board of Commissioners, approved at an Extraordinary General Meeting of Shareholders (RUPSLB). Willgo Zainar has been appointed President Director, replacing Muhammad Akbar Djohan, while Thomas Christian takes over as Director of Finance and Risk Management from Daniel Fitzgerald Liman. Didik Hariyanto was appointed Independent Commissioner. The new Board of Directors comprises Willgo Zainar (President Director), Sidik Darusulistyo (Infrastructure and Operations), Thomas Christian (Finance and Risk Management), Hernowo (Commercial, Business Development and Portfolio), and Suryantoro Waluyo (HR), while the Board of Commissioners includes Hendro Martowardojo (President Commissioner), David Pajung and Didik Hariyanto (Independent Commissioners), and Setia Diarta and Adityo Haryo Bimo (Commissioners)
7 hours ago