Cassinga mine, Angola
Name and location
Cassinga mine, Angola.
Project description
The Cassinga mine produced 40-million tons of high-grade iron ore (graded 50% to 60% iron) between 1957 and 1975. The rehabilitation of the Cassinga mine by State-owned iron company Companhia de Ferro de Angola (Ferrangol) was completed in 1986, but production never restarted. Cassinga has remaining reserves estimated at 34,2-million tons of ore containing 44% iron, and one-billion tons at 30% iron. Now Ferrangol is seeking private-sector partners for the project, which will also involve mining the Cassala Kitungo deposit. The Cassala-Kitungo deposit has a proven reserve of 194-million tons at 23% to 33% iron, with 84-million tons suitable for openpit mining.
The project will also include the construction of a railway line and the rehabilitation of Angola's southern port of Namibe. More than ten companies have expressed an interest in the project to restore iron-ore mining at the mine, including BHP Billiton, and Bateman Engineering.
Value
An exact cost for the project has not been established, but preliminary estimates have pegged it at $3-billion.
Duration
A timeframe for the project has not been confirmed.
Breakdown of main contracts
Not stated.
Client
Ferrangol.
Latest developments
None stated.
Participants
None stated.
Construction materials
Not stated.
On budget and on time?
Not stated.
Contact details for project information
Angolan Embassy in South Africa,
tel (012) 342 0049 or fax (012) 342 7039.
Ferrangol, tel +244 22 237 38 00.
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