Marampa gets the enviro nod - Cape Lambert
PERTH (miningweekly.com) – ASX-listed Cape Lambert Resources has been granted its environmental licence for the Marampa iron-ore project, in Sierra Leone.
The miner told shareholders on Monday that the environmental licence was the first step in the permitting process, and paved the way for a final mining lease application, which would be lodged during the second quarter of this year.
Executive chairperson Tony Sage said the environmental and mining licences would significantly de-risk the project, and added value from a potential investor’s perspective by clearing the way for the development of the project.
“The granting of the environmental licence is another step toward progressing the Marampa project to eventually become Sierra Leone’s third iron-ore producer,” said Sage.
“Marampa has been demonstrated to be a financially robust project and gaining the necessary governmental approvals will significantly enhance the asset’s appeal to potential buyers, in turn, adding significant value for our shareholders.”
Sage noted that a number of interested parties were currently in the Marampa data room, reviewing the project details.
Cape Lambert has been actively seeking a buyer for an equity stake in the 680-million-ton Marampa project, which covers four deposits and two granted exploration licences.
The project has access rights to export some two-million tons a year of iron concentrate through the recently refurbished and operational Pepel rail and port infrastructure, as well as 16.5-million tons through the Port of Tagrin, when operational.
However, in December last year, it was announced that the Port of Tagrin was no longer being built, with the Pepel port being expanded instead. Cape Lambert and project developer African Minerals have been in discussions to finalise a revision to the infrastructure agreement.
It was expected that the infrastructure agreement would be executed in the coming weeks.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
