Mining

DR Congo: Ivanhoe signs agreement to rehabilitate Kipushi-Munama railway

Tuesday, 31 October 2017 17:25

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

On the same topic
Senelec acquires 100% of WAE, takes control of 366 MW plant Plant to supply 25% of demand, nearing completion at 97.5% Move supports...
Local firms reach 7% of Angola oil, gas value chain Share up over 133% since 2022, driven by contracts Still below 20% target despite gains...
Fortuna boosts Séguéla gold reserves 68% year-on-year Company to invest $12.2 million in 2025 exploration Output could exceed 200,000 ounces,...
Tosyali to invest $2.5 billion in Algeria steel complex Project to boost automotive, hydrocarbons sectors with local supply Plant targets 1.6...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.