On the back of increasing iron ore prices, Cape Lambert Resources has shifted focus to its Marampa iron ore project in Sierra Leone.
Business and policy
ASX-listed Cape Lambert has executed binding documentation for an A$15 million finance facility with Winance Investment LLC.
Liberia and Niron Metals have signed a MoU regarding the passage through Liberia of iron ore
Sensor-based solutions specialist TOMRA Sorting Solutions is officially launching the latest upgrade in its ore sorting equipment range – the TOMRA COM XRT 2.0.
Although the infamous Simandou iron ore project in Guinea remains the largest integrated iron ore mine and infrastructure project in Africa should it ever be developed, this now seems more unlikely than ever.
EY says the Nigerian mining industry can be described as unique as the country is endowed with over 40 natural resources, some are yet to be unlocked.
Mining has the potential to contribute more to Nigeria's GDP. As the regulatory framework for the sector becomes clearer, Nigeria has a great opportunity of using its mineral resources to drive its industrialization and the diversification.
BMI Research recently hosted a webinar on the global mining investment outlook, 'This Time's Different: Mining Investment Gets Smart'.