No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
Exxaro bought Mayoko, which is situated in the Republic of Congo (RoC), after successfully bidding R2.8bn for Australian-listed African Iron in January 2012. Exxaro then spent a further R3bn on the project which it believed could produce 12 …
Exxaro wrote-down assets totalling R5.96bn in its 2014 financial year of which R5.76bn related to the Mayoko project. Exxaro bought Mayoko after successfully bidding R2.8bn for Australian-listed African Iron in January 2012. Exxaro then spent a further R3bn on the project which it believed could produce 12 million tonnes a year (mtpa) of iron ore.
South African company Exxaro Resources has completed the sale of its Mayoko Iron Ore Project in Congo to Sapro. The Mayoko Project was acquired by Exxaro in 2012 and …
-Moussondji Iron Ore Project ("Mayoko Table 1: DTR Concentrate Results -Moussondji these results demonstrate the superb esults are superior to other regional and international -Moussondji. We are very encouraged as this is the first step of a Fe SiO 2 Al2O3 P % % % % 68.9 3.7 0.11 0.010
The Mayoko iron ore project lies on the Precambrian Congo Craton of West Africa and covers 1,000km2. The area is characterised by meta-sedimentary rocks, which are more than 2,540 …
Sapro's mining arm was planning to export a new cargo of 25,000 tonnes of iron ore from its Mayoko mine in Congo before the end of the year. The site began producing in mid-2018 and Sapro was able to send a first shipment of iron ore in May.The company is headed by Congolese entrepreneur Paul Obambi, chairman of the country's chamber of commerce, …
Exxaro bought Mayoko after successfully bidding R2.8bn for Australian-listed African Iron in January 2012. It has since spent capital developing the project ahead of a mining convention …
South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron ore project in the Republic of the Congo.. As per the agreement, Exxaro will pay up to A$0.57 a share to all African Iron shareholders if the South African firm acquires 75% or more of the fully …
the difficult economic climate for iron ore projects, Mayoko-Moussondji capitalises on its competitive advantages of ... ("CML"), which is the legal and beneficial owner of Mayoko-Moussondji. The total consideration to be paid by Midus Global Limited to Equatorial to acquire of of CML will be: (a) A$5,000,000 in cash; and ...
Exxaro will start iron ore mining operations at its Mayoko Iron Ore Project as soon as the Congolese government finalises agreements on the use of rail and port facilities. Exxaro Resources Limited is 15% owned by the Industrial Development Corporation and is South Africa's second-largest coal producer; it also has interests in iron ore and ...
Following the global economic downturn and collapse of iron ore prices in 2014, Exxaro took a decision to stop all project development activities and in June 2014 announced the impairment of the Mayoko Project. It is expected that iron ore prices will remain depressed over the foreseeable future.
Three other iron ore licences were withdrawn at the end of 2020 by Brazzaville authorities: those of Australia's Sundance Resources and Equatorial Resources, as well as that of the St. Kitts and Nevis-based company Avima Iron Ore. All have since been awarded to the majority Chinese-owned company Sangha Mining Development.
above and described in previous announcements, Equatorial was the majority owner of the potentially large-scale Badondo Iron Ore Project in the Republic of the Congo and also held a 2% royalty on all future production from the Mayoko-Moussondji Iron Ore Project. As at 30 June 2021, Equatorial had A$20.0 million in cash with 125.9 million shares ...
Prior to the measures outlined above and described in previous announcements, Equatorial was the majority owner of the potentially large - scale Badondo Iron Ore Projec t in the Republic of the Congo and also h eld a 2% royalty on all future production from the Mayoko - Moussondji Iron Ore Project . As at 30 June 202 1, Equatorial had A$ 20.0 ...
Sapro Mayoko has signed a CAFr 600bn ($US 1.08bn) contract with Thelo DB to construct a 412km line from its mines to the iron-ore port in Pointe-Noire.
Cameroon's Premier Port, Rail and Mine Project • 510km railway for transport of iron ore with 70km spur line connecting Nabeba deposit • Mineral Terminal Facility at Lolabe capable of taking "China Max" bulk iron ore carriers of up to 300,000 DWT • Stage 1: Production rate of 35Mtpa Direct Shipping Ore for a minimum 10 years • Stage 2: Continued production at 35Mtpa of …
Exxaro bought Mayoko from mining firm African Iron a couple of years back. "Exxaro will be considering the Mining Convention together with these agreements within its governance processes and will provide further detailed information at its annual results presentation on Thursday, 6 March 2014," Exxaro added.
South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron …
Australia s Cape Lambert Resources said Thursday it expects to begin receiving royalty payments from the Mayoko iron ore project in the Republic of Congo from second-half …
It did not reveal who the new owners will be. Cape Lambert Resources acquired the royalty as part consideration when it sold its interest in the Mayoko iron ore project, based in the Republic of Congo, to African Iron in January 2011, which was subsequently taken over by Exxaro Resources.
Cash costs to produce iron ore at Mayoko-Moussondji are estimated at $41/mt. The project will produce an 8 mm fines product with 4.5% silica and 2.3% alumina, Welborn added. Equatorial has already signed agreements with the ROC government, who will provide access to the existing railway and port. These are framework agreements with definitive ...
SAPRO Mayoko (a Sapro Group subsidiary and the first iron ore producer and exporter in the Congo) and Thelo DB (a partnership company between Thelo Ventures (Pty) Limited and Deutsche Bahn represented by DB Engineering & Consulting ), have signed an agreement of close to US$ 1.1bn for construction of a new 412km Mayoko to Pointe-Noire port …
CONGO: Mining group Sapro has finalised an agreement with the Thelo DB joint venture for the construction and operation of a 412 km heavy haul railway to connect its Mayoko iron ore mine with the deepwater port of Pointe-Noire on the Atlantic coast.
Owner; Iron Ore: Mayoko: Congo Mining Ltd [3] Badondo: Congo Mining Ltd: Mayoko: Exxaro: Oyabi: Equamineral Holdings Ltd: Avima: Core: Zanaga: ... with weekly passenger service. Conveniently, the COMIL line runs through Mayoko near the high-grade iron ore, which any mining syndicate that might want to set up new commercial operations would ...
Sapro Mayoko, a Sapro Group subsidiary, is the first iron ore producer and exporter in the Republic of Congo, offering premium iron ore lumps and fines for export. Our iron ore mine is located in Mayoko, in the Niari province of the Republic of Congo (Congo Brazzaville), close to the Gabon border. O
Exxaro was reviewing work at Mayoko by African Iron, which it had bought for A$313 million (R2.5 billion) in March, and would negotiate with Congo on access to rail and port facilities and upgrade ...
Mayoko Iron Ore Project Mine is an iron ore mine operating in Brazzaville, Republic of the Congo. Location. The map below shows the approximate location of the mining asset in Brazzaville, …
Sapro Mayoko, a Sapro Group subsidiary, is the first iron ore producer and exporter in the Republic of Congo, offering premium iron ore lumps and fines for export. Our iron ore mine is …
Mayoko iron ore: Paul Obambi Jr (Sapro) improves plant facilities while awaiting the reopening of the railway While issues surrounding the transportation of ore are causing delays, the son of the Congolese businessman is using the time to boost production at his iron mine. ...
SAPRO operates an iron-ore project at Mayoko acquired from Pretoria, South Africa-based Exxaro Resources Ltd. in 2016. Exxaro sold the enterprise after failing to secure port and rail agreements ...
