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Angola Copper Railway to Restart After Forty-Year Hiatus
Mar. 22, 2013 11:12AM PST
Base Metals Investing Bloomberg reported that Angola has restarted a rail line that will transport copper towards the Atlantic Ocean for the first time in four decades, when civil war shut it down.
Bloomberg reported that Angola has restarted a rail line that will transport copper towards the Atlantic Ocean for the first time in four decades, when civil war shut it down.
As quoted in the market report:
The line from the port of Lobito will reach the border of Zambia, Africa’s largest copper producer, in August, Luis Lopes Teixeira, technical director of Caminho de Ferro de Benguela E.P., said in an e-mailed response to questions on March 12. Cargo will move along the refurbished 1,344-kilometer (835-mile) line linking Lobito with Luau on the Zambian border. When a branch line inside Zambia is completed in December Lobito will be able to compete with ports in East Africa for copper exports from Zambia and the Democratic Republic of Congo, which together account for about 7.4 percent of world production of the metal, according to the U.S. Geological Service.
