Burkina Faso

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wanderer53 Sir Nigel Gresley

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RAILWAY TO LINK WEST AFRICAN STATES






On 31 November 2011, Niger, Côte d’Ivoire, Benin and Burkina Faso agreed to a 2,700km new rail construction project to link the four countries. Two of the region’s main ports – Cotonou in Benin and Abidjan in Côte d’Ivoire – are to be the endpoints, with rails running the full length of Benin, continuing through Niger’s capital Niamey and Burkina Faso’s Ouagadougou, from where an existing line continues back to the coast.

According to a joint statement released in Niger, “A roadmap will be drawn up soon in order to secure financing for this important regional economic integration project and allow for construction to begin in 2014.”


 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed
OUAGADOUGOU (Reuters) - A project led by Pan African Minerals to develop the Tambao manganese project in Burkina Faso will cost up to $1 billion, the chairman of holding group Timis Corporation said on Thursday, a day after receiving the government's green light.

The manganese mine in the north of Burkina Faso, near the border with Niger and Mali, is thought to contain over 100 million tonnes of the metal, used in steel production.
Tamboa, which Timis says will be the biggest manganese mine in the world, is a priority for the West African country's government as it seeks to diversify its economy away from reliance on gold and cotton.
"The Tamboa project is an integrated project with a mining component and an infrastructure component, notably through the roads, railway and the port...," said Romanian billionaire Frank Timis, whose firm controls Pan African Minerals (PAM).
"This project will happen in the next three years and will require investment of nearly $1 billion."
PAM won exploration rights for the site in 2012 but the government only granted the exploitation permit on Wednesday. Production is provisionally forecast at around 3 million tonnes a year.
Souleymane Mihin, head of PAM in Burkina Faso, said the investment would be shared out between Timis, Canadian asset management firm Dundee Corporation and natural resources fund CD Capital, without giving a breakdown.
PAM previously estimated that the total investment cost would be $650 million.
Burkina Faso's mines minister Salif Kabore said extraction from the mine was set to begin in July and that the commodity would be for sale on international markets starting from December or January 2015.
PAM's Mihin confirmed that shipments of manganese would begin by road in October. Timis said that shipments by rail would take between one to two years to start.
 
awsgc24 Minister for Railways

Location: Sydney
OUAGADOUGOU (Reuters) - A project led by Pan African Minerals to develop the Tambao manganese project in Burkina Faso will cost up to $1 billion, the chairman of holding group Timis Corporation said on Thursday, a day after receiving the government's green light.
- wanderer53


This UNHCR map shows the new line to Tambao, partly under construction with work suspended, and partially proposed.

See: http://www.unhcr.org/3dee2c3d0.html
 
wanderer53 Sir Nigel Gresley

Location: front left seat EE set now departed
OUAGADOUGOU (Reuters) - French conglomerate Bollore and Pan-African Minerals signed a memorandum of understanding on Thursday on a rail project worth $895 million, linking Abidjan in Ivory Coast to the Burkina Faso manganese deposit at Tambao.

The governments of Ivory Coast and Burkina Faso also signed the agreement for the Abijan-Kaya-Tambao railway, following a summit between both West African nations in the Burkina capital.

Pan African Minerals (PAM), controlled by Romanian billionaire Frank Timis, is developing the manganese mine at Tambao in the northeast of Burkina Faso. It plans to invest nearly $1 billion and produce some 3 million tonnes a year.

Tamboa, which Timis says will be the biggest manganese mine in the world, is a priority for Burkina Faso's government as it seeks to diversify its economy away from a reliance on gold and cotton.

Bollore will invest about 400 million euros ($535.60 million) to rehabilitate the 1,250 kilometre rail line between Ivory Coast's commercial capital and Kaya, a town north of Ouagadougou.

"This will increase capacity and enable the shipment of the manganese and also 2 million tonnes of merchandise and about 2 million passengers," said Philippe Labonne, head of Bollore Africa Logistics, the logistics arm of Bollore.

Pan-African Minerals will construct a nearly 300 km Kaya-Tambao link.

"The construction of the line will be done over the next three years. It will cost about 176 billion CFA francs ($359.32 million)," Alan Watling, Pan-African Mineral's Chief Executive said at the signing.

Work on the railway will start in August.

($1 = 489.8100 CFA francs)

($1 = 0.7468 euros)
 

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