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Sable Mining Africa subsidiary signs MoU with Liberian government

WAE plans to commence production of high-grade iron ore at its mine in Nimba in 2015. (Image source: Peter Craven/Flickr)

A subsidiary of Sable Mining Africa has signed a memorandum of understanding (MoU) with the government of Liberia to develop infrastructure in the country, which will help it export products from its Nimba Iron Ore project in south-east Guinea

Earlier this year, Sable Mining Africa started developing the mine in south-east Guinea, which has been estimated to contain about 135mn metric tonnes of iron ore. The company has got an export licence authorising the transportation of iron ore from the Nimba project through Liberia.

According to Sable Mining, the MoU will pave the way for West Africa Exploration (WAE) to discuss with third parties about developing and operating rail and port infrastructure that will help the company bring its products into Liberia, before exporting them to other markets.  

WAE is 80 per cent owned by Sable Mining Africa.

Sable Mining chief executive officer Andrew Groves said WAE planned on commencing production of high-grade iron ore at its mine in Nimba in 2015.

“We look forward to working with the government of Liberia as WAE seeks to formalise arrangements relating to the development, use and operation of the relevant infrastructure in Liberia as soon as possible,” he added.

 

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Sable Mining Africa to raise US$27.5mn for Nimba Iron Ore project

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