Sable issued decree to export iron-ore through Liberia
JOHANNESBURG (miningweekly.com) – The government of Guinea has issued an export decree to Aim-listed exploration company Sable Mining, authorising the mining company to export iron-ore produced at its Nimba project through Liberia to the Port of Buchanan – Liberia’s second-largest seaport.
The decree, which was the first to be issued in Guinea, would, together with the recently granted mining licence at Nimba, facilitate Sable's strategy to fast-track low-cost, high-grade direct shipping ore (DSO) production from Nimba from 2015.
CEO Andrew Groves described the issuance of the export decree as a “major endorsement” for Sable, saying it represented a critical milestone in the project’s push towards production.
“Through the issuance of this export licence and the recent mining licence, I believe we are translating this in-situ value into a commercially attractive preproduction asset,” he commented, adding that the company would now progress the additional elements required to secure the entire proposed logistics chain from mine site to port.
In tandem with the progression of the various permitting requirements inherent to the development of the asset, Sable would continue its exploration activities, having recently completed a drilling programme to test a 200 m x 3.9 km extension area.
“This drilling programme highlighted significant high-grade DSO mineralisation, and the board is confident that, with the inclusion of the results from this drilling programme, the Joint Ore Reserves Committee- (Jorc-) compliant resource will be increased towards the exploration target of 200-million tonnes in the fourth quarter of this year,” said Groves.
With a current Jorc-compliant resource of 135.5-million tonnes at 59.4% iron, Nimba is the second-largest on- or near-rail undeveloped DSO deposit in West Africa.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















