Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
Storage
Processing
ICT & Telecoms
Civil Engineering
Environment
Safety & Security
Business
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing these articles with our compliments during the launch of our new website. 


register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

IRL buys Mapochs

China’s International Resources Ltd (IRL) has bought the Mapochs iron ore mine and associated railway near the town of Roossenekal in Mpumalanga Province, far from the centre of the South African iron ore mining industry in the Northern Cape. The asset, which was sold via a closed bid tender in September for ZAR50M (US$3.6M), was previously owned by Russian firm Evraz.

Linked InTwitterFacebookGoogle Plus

Mapochs previously produced 2.2 Mtpa, although there is understood to be scope for higher volumes. It is not yet clear how much rehabilitation of the railway, which connects with the South African rail network, will be required, nor how much new rolling stock is needed.

Aside from iron ore, the concession also contains vanadium, the flakes of which are used in batteries. Vanadium prices have doubled over the past two years, partly because of lower global supplies, but also because of growing interest in largescale electricity storage from renewable energy schemes.

 

Linked InTwitterFacebookGoogle Plus

Latest Features

Undercover Nakhodka facility...

New German bulk carrier pool

Transles to buy 200 timber cars

Mariupol terminal

Related Stories

“Solid” Q2 and Bauxite record for Rio

Rio Tinto has described its second quarter production results as “solid” and rep...

ABP and Brett scoop RFG award

ABP Ipswich and Brett Aggregates have won this year’s Rail Freight Group (RFG) C...

ABP handles lion’s share of UK Barley

ABP’s three East Anglian ports have together reported that they handled more tha...

Adani’s Carmichael coal plan teeters

More doubts have arisen over Adani’s multi-billion dollar Carmichael coal mine i...
Linked In
Twitter