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
Chad and Algeria sign agreement to study a 20,000 bpd refinery project Chad continues to import large volumes of refined products despite crude output...
South Africa plans to invest $121 billion in rail modernization by 2050. Freight demand exceeds current rail capacity by over 100 million tonnes...
Nigeria increases local solar panel manufacturing capacity from 120 MW to 300 MW. Authorities target import substitution and rural electrification...
Daystar Power signs deal with Olam Agri Ghana to build a 1.9 MWp rooftop solar plant. Project targets reduced reliance on grid power and diesel...
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

(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
03

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
04

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 
05

Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...

“Private Investors Are Not Philanthropists: Risk Must Be Shared” — Tarek Toko Chabi, BOAD
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.