Congo Mining LTD

congo mining ltd

Congo Mining Ltd and the Government of the Republic of Congo, have signed a Mining Convention Agreement for the Mayoko-Moussondji Iron Ore Project.
25 year mining licence for the Mayoko-Moussondji mine, with an indicated ore reserve of 38.5M Mt and a total indicated and inferred reserve of 917M Mt.

Key Pre Feasibility Study Results from Mayoko-Moussondji included:

Annual Production: 2.5Milion tonnes (dry)/annum
Operating Costs (LOM ave cash costs FOB): US$39.93/Mt
Total Capital requirement mine, rail and port: US$181.16 mln
Capital Intensity: US$72.46 per capacity tonne
Timeline to Production: 15-18 months from Final Investment Decision
Project Returns: IRR of 12.5% and post Tax NPV of $15.7 million
basis a long term Iron Ore: price of $73/Mt

Rok Mine

Genini Minning BV

The Company Manufactures: gemini mining bvGemini Mining BV owns 100% of Aktobe Temir VS Llp (ATVS), founded in March 2003 and operating in the Aktobe Region of Kazakhstan.
ATVS owns the rights for the exploration and production of iron-ore deposits in the Northern Velihovskoe and the Southern Velihovskoe fields.
The fields, with reserves of about 1 Billion tons, are currently producing 400,000 tons per year that are sold to local market, to Russia and to China. gemini mining bv In 2014 it was decided to float the company on Euroclear System in Amsterdam and on Kazakh Stock Exchange in Almaty city (Kazakhstan) in order to benefit from improved access to capital, increased global profile and access to liquidity. It is expected that Gemini Mining will have in total 144 000 shares. The market cap for Gemini Mining will be around USD 382mln or USD 2’655 per share.


Minas Rio Bravo LDA

minas rio bravo ldaIn Mozambique, we have purchased exploitations on Zambesi River Sands. The Project includes the extraction of Rare Earth Elements (REE), Precious and Heavy Metals (PM and HM).
According to a study completed in May 2013 (made by The Boston Consulting Group and ENEA, Ministry of Economic Development of Italy) to assess and analyze the geological structure minas rio bravo ldaof the concessions, it is estimated that the alluvial sands contain extremely high volume of REE, PM and HM that are economically extractable.
A pre-feasibility study underlines the potential to add substantial value to the Minas Rio Bravo Project by increasing excavation capacity. The development of the entire concession is rapidly progressing.