It has been reported in the Mano River states in Guinea that Singapore’s Al Khaldiya Mining has signed a Memorandum of Understanding to develop the Diecké iron ore mine, with ore shipped out of a Liberian port.
The Chinese Government is to sanction the development of blocks 1 and 2 of the Simandou iron ore deposit in Guinea by stateowned Chinese companies in the Société Minière de Boké-Winning (SMBWinning) consortium
ArcelorMittal South Africa (AMSA) has announced that, despite efforts to cut costs, it is to close its steel plant at Saldanha, affecting both exports out of the neighbouring port and demand for iron ore on the railway from the Northern Cape mines to Saldanha
Russia’s EFKO and VTB groups have agreed to jointly build and operate deepwater facilities at the country’s new Black Sea harbour of Taman to handle 10 Mtpa of grain and oil meal, as well as 3 Mtpa of vegetable oil exports
With Brazil poised to host the five-country BRICS (Brazil, Russia, India, China and South Africa) summit in November, the national focus will again turn to the increased investment by China in the country’s infrastructure projects.