Iron ore deposit found in Lubango, Angola

3 May 2012

An iron ore deposit with estimated reserves of 400 million tons has been found in an area that is part of the Cassinga Norte project, the deputy director of Angolan mining company Sociedade Angolana de Exploração de Recursos Minerais (Aemr) said in Lubango.

In a talk on mining in Huíla province held as part of Miners’ Day, Henriques Tiago Simão said that prospecting work were expected to end this year and that the company hoped to identify other areas with considerable reserves.

Cited by Angolan news agency Angop, Tiago Simão said that the company expected to increase the number of probes in the area of the Cassinga Norte project in order to establish which minerals can be found there. In the area of the Cassinga Sul project nine prospecting probes have been set up.

Tiago Simão said that Aemr initially expects to mine 4.2 million tons of iron ore in the two prospecting areas.

In order to export the ore, Aemr will be using the Moçâmedes Railroad (CFM), which ahs capacity to carry 6 million tons of cargo per year, which will then be packed at the Sacomar dry port, in Namibe province.

Aemr has set out an investment programme worth US$1.227 billion for the first stage of prospecting in the Cassinga Norte and Cassinga Sul areas, which began in 2010. (macauhub)