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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
ACSA plans $695m upgrade and expansion of Cape Town airport Project includes new runway, terminals and expanded passenger facilities Expansion...
Zambia Railways secures $20m to rehabilitate six locomotives Upgraded locomotives expected back in service between May and December 2026 Project...
Deal reflects growing security cooperation amid Sahel terrorism threats Ghana plays key role in Accra Initiative regional security efforts The...
( AFRICA FASHION UP) - Africa Fashion Up, the must-attend event for contemporary African fashion in Paris, announces the launch of its call for...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...