Exxaro Wins Permit to Produce Iron Ore at Mayoko Mine

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.

As quoted in the market news:

Medard Ndombi, a geologist at the Congolese ministry, confirmed that two other contracts had been signed on Jan. 29, covering rail transport to the coast and port infrastructure at Pointe-Noire.

Ndombi added that Exxaro could export up to 2 million tonnes of iron ore used for steelmaking this year and 10 million tonnes by 2017, as the port is expanded.

Click here to read the full Reuters report.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

+ see more
+ see more
Gold Bullion
Gold Production/Mining
+ see more
Gold Project Generators
Gold Prospecting and Exploration
+ see more
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA
Silver $0-15m
Silver $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply