First Gold Valley iron ore train runs on Arc Network
NewsArc Infrastructure has launched Gold Valley Iron Ore train services, with the inaugural train transporting ore from West Kalgoorlie to Esperance.
Tonkolili mine saved
StandardShandong Iron and Steel Company has agreed to buy the debt of African Minerals to secure the future of the Tonkolili iron ore mine, rail and port project in Sierra Leone. Shandong already held a 25% stake in the venture but has now bought African Minerals’ remaining 75% equity for US$170M. This gives it full control of both the mining interests and African Port and Railway Services, which developed and is operating the associated transport infrastructure.
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