Siera Leone: African Minerals Announces Pepel Port Development Plans

African Minerals Announces Pepel Port Development Plans

African Minerals has decided to expand existing rail and port infrastructure at Pepel rather than develop a new port at Tagrin Point.

This decision follows a scoping level review of expansion options as it continues to ramp up production at the Tonkolili iron ore mine in Sierra Leone.

It says this will result in substantial capital savings of around $1bn over the previous expansion plan, with reduced risk, and lower social and environmental impact.

Chief executive Keith Calder said: “We have made good progress with value engineering and optimisation in our Tonkolili mine expansion strategy.

While our strategy regarding the mine and plant is mostly unchanged, we have now decided to leverage our existing rail and port infrastructure at Pepel to achieve the expanded export tonnage.

This will significantly reduce capital costs, and de-risk the project’s delivery, whilst at the same time reducing social and environmental impacts.

This approach will provide a significantly better value, capital efficiency and risk proposition for all of our stakeholders.

Source: stockmarketwire, December 18, 2012; Image: sierraexpressmedia

Share this article

Follow Dredging Today

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

The 4th International Forum of Dredging Companies

At the event, customers and manufacturers of dredging equipment will have an opportunity to discuss the application of advanced technologies…

read more >

TOC Middle East

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Ninth International Conference on Remediation and Management of Contaminated Sediments

The 2017 Sediments Conference will address the accumulation of potentially hazardous or toxic chemicals in the sediments of rivers, lakes…

read more >

North American Dredging Summit

ACI’s North American Dredging Summit follows on from the successful European editions of ACI’s Dredging Summit series…

read more >

Jobs>

Senior Engineer

Senior Engineer will perform and oversee civil and coastal engineering tasks involving major U.S. navigation and coastal restoration projects....

apply

Dredge Masters, Engineers and Superintendent\\\'s Urgently Required!

Flagship Management is working with a number of leading international marine and dredging organizations and require the following candidates for a range of global projects...

apply

Design & Proposal Engineer Dredging

As Design & Proposal Engineer you translate customer requirements into the design of a vessel in close cooperation with...

apply