MINING INDABA: Xstrata commits to Zanaga ore venture.
Future iron-ore development likely in Sierra Leone, the Republic of Congo and Cameroon.
ALLAN SECCOMBE - Published: 10/2/2011
http://www.businessday.co.za/articles/Content.aspx?id=133883
"There are likely to be two big clusters of iron-ore development in West Africa, focusing around Liberia and Sierra Leone, with the other in the Republic of Congo and Cameroon", said Rajat Kohli, global head of mining and metals at Standard Bank .
"Chinese investors in iron ore have signed a number of memorandums of understanding to build rail and port links to iron-ore projects in exchange for off-take contracts. "I think we will see more and it will be real. We'll see financing, off-take agreements," said Mr Kohli.
MINING INDABA: Xstrata commits to Zanaga ore venture.Future...
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