THIS
POST WAS ORIGINALLY PUBLISHED JANUARY 07, 2011
2011 Africa - Investment Destination for Miners - Part IV: West Africa Iron Ore
In our last post we discussed
attractiveness of West Africa for the gold producers. However, gold is
not the only one commodity present in the area. Generally speaking, the
governments are doing much to attract investors. This table shows a
comparison of West African states:
Source: Doing Business in West Africa
ACP MINISTERIAL MEETING PRESENTATION gives detailed description of transportation system in West Africa that is used to deliver various minerals by the mining companies:
As it is seen from the map, a considerable amount of iron ore is
extracted and delivered. Indeed the majority of deposits are located in
West Africa, as Goldman Sachs portrays it in a nice way:
The Financial Times of London in its recent report presents this map that shows the iron ore projects in West Africa
This map shows six of the world’s biggest mining and steel companies are heavily engaged in development of their iron ore programs in West Africa: Guinea, Liberia and Sierra Leone. They are:
- Vale (NYSE: VALE)
- Rio Tinto (NYSE: RTP)
- BHP Billiton (NYSE: BHP)
- ArcelorMittal (NYSE: MT)
- Aluminum Corp of China or Chinalco (NYSE: ACH)
- Severstal, Russia
ArcelorMittal‟s Iron Ore Mining Project in Liberia
Sierra Leone Mining Sector Overview
Liberia: Investment and Mining Opportunities
CAMEROON :A NEW MINING DESTINATION IN AFRICA
African Aura describes in detail their iron ore projects in Liberia and Cameroon in this presentation.
