https://www.miningweekly.com
Crushing|Infrastructure|Iron Ore|Mining|PROJECT|rail|Roads|Services|Infrastructure
Crushing|Infrastructure|Iron Ore|Mining|PROJECT|rail|Roads|Services|Infrastructure
crushing|infrastructure|iron-ore|mining|project|rail|roads|services|infrastructure

Belinga Iron Ore project, Gabon – update

Image of iron-ore stockpile

8th December 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Belinga Iron Ore project.

Location
North-east Gabon.

Project Owner/s
Fortescue, through its incorporated joint venture company Ivindo Iron.

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

Project Description
The project includes the early development Belinga for the production of up to two-million tonnes a year of iron-ore while studies are advancing the potential designs of a large-scale development.

The early development involves conventional openpit mining methods to produce the ore, which will be trucked and railed over existing roads and rail infrastructure.

Potential Job Creation
More than 400 Gabonese, including contractors, have been employed as part of the project to date, with more than 50% employed from villages around the project area.

As part of Fortescue’s commitment to support communities where it operates, more than $30-million in goods and services have been sourced in Gabon to date.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The capital estimate for the early-stage mining development is $200-million.

Planned Start/End Date
Mining is planned to start in the second half of 2023, with investment to take place in 2023 and 2024.

Latest Developments
Fortescue reported on December 4 that the first product was ready for shipment, marking the first time the company exported iron-ore from a port outside of Australia. 

It comes less than a year after Fortescue signed a mining convention with the government of Gabon.

Studies continue to advance potential designs of a large-scale development.

Key Contracts, Suppliers and Consultants
Capital (earthmoving and crushing services).

Contact Details for Project Information
Fortescue, tel +61 8 6218 8888.

Edited by Creamer Media Reporter

Comments

Latest News

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

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:0.142 0.195s - 92pq - 2rq
Subscribe Now