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Found this but it's too much to read now so into a file to read...

  1. 1,943 Posts.
    Found this but it's too much to read now so into a file to read later on - 52 page Sept 2010 BNP Paribas Securities Asia report on Iron Ore.

    pages 21-24 - West/Central Africa: the promised land ?

    including Iron Ore project maps of Guinea , Liberia , Cameroon , Gabon and Congo.

    plus

    "Other early-stage projects include Cape Lambert's Sandenia project and Bellzone's Forecariah project. However, rail access to the ports is the stumbling block, as most projects would require massive investment to build 300-600km of railway lines."

    "In neighbouring Sierra Leone, London Mining's Marampa project (2m tpa initially, 25m tpa ultimately), African Minerals' Tonkoli project (10m tpa initially, 25m-45m tpa
    ultimately) and Cape Lambert's Marampa project (2m tpa) are in the initial construction phase."

    "Other projects like Cape Lambert's Kikuna (sic) project and CIC's Bagla Hills projects are still in exploration/feasibility study stage. Cape Lambert has signed an agreement with African Minerals to jointly fund and use railway and port infrastructure."

    "Cape Lambert's subsidiary DMC Mining is also looking to start production at its 11m tpa Mayoko project in 2016. Equatorial Resources' Mayoko-Moussondji project is
    also located close to DMC's Mayoko project. Both these projects are situated close to an existing small-capacity railway line that connects to the port of Pointe-Noire."

    A large number of projects in West and Central Africa hinge on the development of infrastructure, political stability and healthy iron-ore prices. Nevertheless, we believe that some of these projects - especially those located close to the coast and/or those supported by large miners/steelmakers could start production over the next five years.

    We expect West and Central Africa to contribute 15m-20m tonnes of capacity additions over 2010-12. Over 2013-15, we expect supply additions to accelerate to 85m-90m tonnes as some of the less-challenging projects start production.

    Large supply additions are likely to materialise only after 2015, especially as they
    require time to build the supporting infrastructure and healthy iron-ore prices.

    Appendix page 37

    http://www.bnppresearch.com/ResearchFiles/11231/India%20Metals%20&%20Mining-Sep10.pdf
 
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