Sierra Leone: Marampa secures export infrastructure
16 April 2012
Mining Weekly - 16 April 2012
PERTH (miningweekly.com) - ASX-listed Cape Lambert has signed a binding heads of agreement for infrastructure access with its wholly-owned subsidiary Marampa Iron Ore and Aim-listed African Minerals, and its majority-owed African Railway and Port Services.
The heads of agreement provided Marampa acess to the operating Pepel rail and port facilities, to enable the company to transport and export some two-million tons a year of iron-ore.
The agreement supersedes an initial infrastructure agreement between the parties, singed in October 2008, and a term sheet agreement reached in July last year.
The agreement also provided additional access to the proposed deep water port at Tagrin, to enable the export of up to 16.5-million tons a year of Marampa iron-ore concentrate, and includes a pre-emptive right to match the sale terms if the Pepel rail or port facilities were offered for sale.