Reuters reported that Exxaro Resources Ltd. (OTCMKTS:EXXAY), a South African company, has been awarded a permit to begin production at the Mayoko iron ore mine, located in the Republic of the Congo.
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Mining and commodities giant Glencore Xstraa Plc (GLEN) will proceed with a study into an iron mine in the Republic of Congo costing up to $3 billion, Bloomberg reported.
South Africa-based Exxaro’s (OTCMKTS:EXXAY) plans to develop an iron ore mine in Congo (Brazzaville) and a coking coal project in Queensland, Australia are progressing on schedule, Steel Guru reports via Argus.
The Chinese steelmaking sector is improving, which has put upward pressure on iron ore prices.
Despite predictions of weaker prices, the world’s leading producers are sticking by their plans to open new mines and expand their current operations.
Mining Weekly reported Waratah Resources (ASX:WGO) reported an update on the Youkou and Mekambo-Est iron project on the border of Gabon and Congo.
Junior miners are stepping up to the challenge of unearthing West Africa’s world-class iron ore deposits.
Reuters reported junior miners are pushing ahead with plans to tap West Africa’s iron ore resources and break into the lucrative market for the steel-making ingredient despite tough market conditions.
Bloomberg reported Exxaro Resources Ltd. (TSX:EXX) says it may fast track its Mayoko iron-ore deposit in the Republic of Congo.
Pöyry’s Water & Environment group reported it will prepare a social and environmental impact for MPD Congo on its Zanaga iron ore mining project.