Asset Report

Marampa iron ore mine

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12 September 2018

Marampa iron ore mine

Report summary

Marampa was a small capacity surface mine in the Northern Province of Sierra Leone. It is 100% owned and operated by the Timis Corporation. Operations at Marampa are currently suspended, supposedly because of sabotage. Timis Corporation also failed to make royalty payments to Cape Lambert in early 2015 which suggests the mine's owner is in financial difficulty. Because of low iron ore prices and the likelihood of financial difficulties, we do not expect this mine to restart. This is an archived version of our view of this mine as of August 2016. This analysis will be updated again if the mine re-starts production.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detailed map
  • Participants (%)
  • Marketable reserves (at 01/01/2017)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document

    Marampa iron ore mine

    PDF 4.31 MB

  • Document

    Marampa.xls

    XLS 200.50 KB