The Republic of Congo’s Council of Ministers has approved the construction of a railway project that will connect iron ore mining zones to Pointe-Noire. The 1000-kilometer-long railway will be constructed by a consortium comprising the Sangha Mining Development Sasu and partners and is key to enabling the country’s iron ore potential.
Sangha Mining Development Sasu and partners hold the concession rights for three mining areas, namely Badondo, Avima and Nabemba which are in Sangha, in the northern parts of the country. All three mines combined hold an estimated 1.097 billion tons of iron ore.
The consortium aims to invest over $10 billion to further increase production to up to 100 million tons of iron per year, starting in 2023. It is also expected to fund other mining infrastructure projects, including a steel plant in Pointe-Noire, an electric power transmission line to support mining operations as well as a large mineral port.
These mining infrastructure projects are expected to radically change the face of the Congolese mining industry, which has remained largely underdeveloped. Investments throughout the country’s mining value chain are starting to place the Congolese mining sector and its resources at the forefront of the market.
Congo International Energy CONFERENCE 2022
The first-ever Congo International Energy Conference taking place in Brazzaville on the 15th – 17th of June 2022 will reunite regional and international government representatives and industry leaders to discuss the future role of natural gas as a regional and continental solution to address energy poverty, among many other issues.