https://www.miningweekly.com
Crushing|Infrastructure|Iron Ore|Mining|PROJECT|Services|Equipment|Drilling|Infrastructure
Crushing|Infrastructure|Iron Ore|Mining|PROJECT|Services|Equipment|Drilling|Infrastructure
crushing|infrastructure|iron-ore|mining|project|services|equipment|drilling|infrastructure

Fortescue awards major contract in Gabon

12th June 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has awarded a significant earth moving and crushing services contract to mining services company Capital at the Belinga iron-ore project, in Gabon.

Fortescue earlier this year signed a mining convention for the project, with mining planned to start in the second half of 2023.

Capital said in a statement on Monday that the contract would run for five years, and was expected to generate revenues of up to $30-million a year for the company, once fully operational.

The contract involves both earthmoving and crushing services. Capital will use existing equipment and is in the process of purchasing $15-million of additional equipment.

Capital has already begun mobilising equipment to the site. This mining and crushing services contract is in addition to the three-year reverse circulation and diamond drilling services contract at the site, announced earlier this year, where drilling recently commenced.

Balinga is expected to require a capital investment of $200-million for the early stage operation, with investment to take place over 2023/24. The project will involve a conventional openpit operation with the ore to be trucked and railed over existing infrastructure, and shipped from the Owendo Mineral Port, near Libreville.

The project is operated by Ivindo Iron, which is 90% held by the Belinga joint venture company, which, in turn, is 80% held by Fortescue and 20% by its joint venture partner the African Transformation and Industrialization Fund.

Under the Gabon Mining Code, the Gabon government will have a free carry interest of 10% in Ivindo Iron.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.188 0.227s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: