http://en.people.cn/90001/90776/90884/6444650.html (from 2008)
Even the Chinese couldn't get it going and there is of course the matter of a 500km rail line to construct. Sounds too much like Sundance in DRC, Twiggy should talk to Giulio Casello about mining in Africa.
"China National Machinery and Equipment Import and Export Corporation (CMEC) said it has signed an agreement on mineral rights of Belinga iron ore reserves with **onese government.
A joint venture company will run the Belinga mine and its supporting infrastructures for 25 years, and is expected to have access to 30 million tons annually.
The exploration and construction costs will be more than $790 million, including the construction of 500 km railways, dams and deepwater ports, according to a report by Shanghai Securities News."
http://en.people.cn/90001/90776/90884/6444650.html (from...
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