Ivanhoe Mines has concluded with Société Nationale des Chemins de Fer du Congo (SNCC), a memorandum of understanding (MoU) to rehabilitate the railway that connects its Kipushi mine to Munama, South of Lubumbashi.
Under the MoU, construction works will begin at the end of 2018. Ivanhoe will appoint consultants to conduct front-end engineering study to assess the impact and cost of rehabilitation of this infrastructure which is offline since 2011.
According to Robert Friedland (picture), CEO Ivanhoe, reviving the railway is the most economical solution for the transport of the future zinc concentrate production of 530,000 tons/yr from the Kipushi mine. Indeed, he believes that a single train can substitute 50 road trucks, and is thus more beneficial, in terms of security and environmental impact.
Ivanhoe’s goal, it should be recalled, is to restart production at Kipushi, a mine existing since 1924 and exploited until 1993.
Louis-Nino Kansoun
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Amazon plans to launch satellite internet services in South Africa in 2026 Project would rely on partnerships with local operators, unlike Starlink’s...
Opaia launches plant with capacity of 22,000 vehicles a year Factory to assemble cars, utility vehicles, and 1,000 buses Project expected to...
Regional growth outlook revised up by 0.2 point from October forecast Nigeria growth raised, South Africa also revised slightly...
BICEC ranked first in Cameroon for new credit issuance with a 17.60% market share in Q1 2025. Banks increased total new lending by 28.72%...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...