Havilah Consolidated wants to relaunch the Milingui iron mine

by time news

2023-06-14 13:00:29

DIG/ The society Havilah Consolidated- a Gabonese company based in South Africa- wants to revive the activities of the Milingui iron mine, located in the province of Nyanga, and whose framework agreement was signed in 2018 with the Gabonese state.

Its Director General, Gabriel Kamga, reiterated this to the Minister of Mines and Geology, Chan Sylvestre Mezui M’Obiang, on Tuesday June 13, 2023 during a working session.

This company has seen its activities slow down due to the Covid-19 crisis. A situation that did not allow him to start the first phase of shipping and operating the said mine.

To make up for this delay, new techniques must be used to take and quickly convert this mining project into exploitationexplained the boss of Havilah Consolidated.

As a reminder, the Milingui mine would contain 135 million tonnes of iron ore, of which 18 million tonnes are high-grade (50%) grade.

It would also contain copper, gold and diamonds.

The cost of the project for its operation has been estimated at approximately 1 billion dollars (610 billion FCFA).

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