Monrovia, Liberia — MININGREVIEW.COM — 29 February, 2008 – A high-level team of operations managers from South African-based mining company Delta Mining Consolidated – awarded the contract for the development of three major iron ore deposits in Liberia – is expected in the country later today for discussions on the way forward.
It was announced late last month that the Liberian government had awarded the contract for the development of three iron ore deposits to South African and Australian investors. In the process, it was regarded as having snubbed such giants as Tata Steel and Arcelor-Mittal.
Liberian President Ellen Johnson-Sirleaf was quoted by Bloomberg News as saying: “The contract for the development of the iron ore deposits will be awarded to a group of South African and Australian investors called Delta, and their investment is going to be US$1.6 billion (more than R11 billion).” She did not, however, go into any further details.
Delta Mining Consolidated was one of seven companies that submitted a bid for the so-called Western Cluster iron ore deposits in Liberia, according to the Johannesburg-based mining exploration company’s web site. The Western Cluster consists of two mines that were closed during the 1980s and one exploration site, the web site reveals. Total output is estimated at around 20 million metric tonnes a year.
Quoting The News of Monrovia today, allAfrica.com reported that Delta CEO Heine van Niekerk would be leading the South African delegation, which included Jacob Phillipus le Roux, Tlomedo Romatsi, Rowan Smith, Petronella Christian Naude, Wiehann Kleynhans and Mome Moller.
The Delta delegation is scheduled to spend two days in the country briefing the Liberians on the company. Members will also be gathering additional information on the Western Cluster iron ore deposits.
In addition to its South African operations, Delta is expanding its interests into Namibia, Botswana, the Democratic Republic of Congo, Liberia and the Central African Republic. Through its subsidiaries, the group has diversified its commodity base to include diamonds, gold, torbanite, coal and iron ore.