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Nimba export licence in line with Guinea, Liberia agreement – Sable

11th October 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – An export licence authorising the transport of iron-ore from Aim-listed Sable Mining Africa’s Nimba iron-ore project, in south-east Guinea, through Liberia is in full accordance with a bilateral agreement between the two States, the company said on Friday.

“The bilateral agreement has already been implemented for projects involving companies in the area of the Nimba project, including the SMFG joint venture project, to promote economic growth, as these companies are less than 60 km from the rail line at Yekepa, in Liberia,” Sable asserted.

The government of Guinea issued the export decree on October 7, authorising the mining company to export iron-ore produced at its Nimba project through Liberia to the Port of Buchanan – Liberia’s second-largest seaport.

The decree, which was the first to be issued in Guinea, would, together with the recently granted mining licence at Nimba, facilitate Sable's strategy of fast-tracking low-cost, high-grade direct shipping ore production from Nimba from 2015.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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