https://www.miningweekly.com

WAFM completes scoping study

12th May 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – A recently completed scoping study on Aim-listed West African Minerals Corporation’s (WAFM’s) Cameroon-based Sanaga iron-ore project has identified two potential pathways to production of 2.4-million tonnes a year of premium grade iron-ore concentrate.

The study indicates robust economics and favourable capital and operating cost fundamentals for an openpit iron-ore mine and concentrator, using transportation to the Cameroon coast either by barging down the Sanaga river and transshipping at sea or using a slurry pipeline to a port near Yoyo.

The geometry of the mineralisation, which outcrops at surface, lends itself to low-cost, low-stripping ratio openpit mining,” chairperson Gerard Holden said in a statement.

Metallurgical testing on the primary magnetite ores indicates that the project can produce a high-quality iron-ore concentrate product that will command a premium price in the marketplace. 

The Sanaga project's proximity to the ocean and access to existing road and power infrastructure allows for low capital expenditures and a short timeframe to develop export infrastructure.
 
“These advantages are borne out by the robust project fundamentals and attractive economics demonstrated by the study.”
 
Holden added that Sanaga represents an opportunity to develop a low capital intensity project with a short pathway to cash flow.

“Ongoing feasibility work and engagement with regulators and stakeholders is planned as the next steps to advance the project," he said.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 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:0.136 0.171s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: