Friday, May 2, 2014

2011 Africa - Investment Destination for Miners - Part IV: West Africa Iron Ore


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:
While detailed information on the big corporations’ programs may be found on relevant Web-sites, the following documents might be of interest:
ArcelorMittal‟s Iron Ore Mining Project in Liberia
Sierra Leone Mining Sector Overview
Liberia: Investment and Mining Opportunities
African Aura describes in detail their iron ore projects in Liberia and Cameroon in this presentation.

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