Sundance says to spend $600 mln on Congo iron ore mine

Reuters Africa reports Australian mining company Sundance Resources (ASX:SDL) will spend $600 million to develop its iron ore mine in the Congo Republic.

The article is quoted as saying,

The Nabemba mine, which is expected to start producing in 2014, will have a capacity of 21 million tonnes per year and a lifespan of about a decade, with output to be shipped via rail to Cameroon’s Kribi port for export overseas.