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
7.29 SMM Global Steel Daily
10 hours ago
7.29 SMM Global Steel Daily
Read More
7.29 SMM Global Steel Daily
7.29 SMM Global Steel Daily
[Plate/HRC] Today HRC and other flat-product export prices edged up USD 1/tonne day on day, with HRC transaction prices at 485-489 USD/tonne. Overseas Indonesian slab dipped to 465 USD/tonne today, while the domestic price still held at 470 USD/tonne; that level is understood to have essentially reached the domestic cost line, so further cuts by Chinese mills look unlikely. [Billet] Today export billet was offered at 451-455 USD/tonne FOB Jiangyin. Market feedback indicates that heavy domestic sales pressure has lifted mills' appetite for billet exports, with some recently lowering prices to move cargo to exporters, while overseas customers' inquiries were unremarkable. [Rebar] Today Tianjin rebar export prices were steady, with some mills quoting slightly lower and overall transaction prices at 478-483 USD/tonne. Some market participants reported discounted deals today, mostly in small lots, while order intake at the majority of mills that did not cut prices remained poor.
10 hours ago
The tender prices for ferromolybdenum from two steel mills in Shanxi and Jiangsu are 331,000 and 334,500 respectively.
10 hours ago
The tender prices for ferromolybdenum from two steel mills in Shanxi and Jiangsu are 331,000 and 334,500 respectively.
Read More
The tender prices for ferromolybdenum from two steel mills in Shanxi and Jiangsu are 331,000 and 334,500 respectively.
The tender prices for ferromolybdenum from two steel mills in Shanxi and Jiangsu are 331,000 and 334,500 respectively.
[Mo Express] SMM July 29: A steel mill in Shanxi had a FeMo tender price of 331,000 yuan/mt (acceptance) on July 28. A steel mill in Jiangsu set a FeMo tender price of 334,500 yuan/mt, acceptance, on July 29.
10 hours ago
[SMM Analysis] 33% Overproduction: Oman’s DRI Plant Operated Continuously for 188 Days, Rewriting Global DRI Standard
10 hours ago
[SMM Analysis] 33% Overproduction: Oman’s DRI Plant Operated Continuously for 188 Days, Rewriting Global DRI Standard
Read More
[SMM Analysis] 33% Overproduction: Oman’s DRI Plant Operated Continuously for 188 Days, Rewriting Global DRI Standard
[SMM Analysis] 33% Overproduction: Oman’s DRI Plant Operated Continuously for 188 Days, Rewriting Global DRI Standard
10 hours ago
China Railway No.10 and Leone Rock Metals signed iron ore mine phase II mining project contract - Shanghai Metals Market (SMM)