Asset Report

Tonkolili iron ore mine

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12 September 2018

Tonkolili iron ore mine

Report summary

Tonkolili is 100% owned by Shandong Iron and Steel who re-opened the mine in April 2016 after a two year closure. The company has been mining existing stockpiles and was expected to deplete these in 2020. Tonkolili had its mining licence cancelled by the Seirra Leone government in June 2019 and there is uncertainty as to whether this will be reinstated. With just 1.5 Mt of reserves remaining in the stockpiles, we would not be surprised if Shandong walked away from the mine. This would mean that Stage 2 of the project would not go ahead.

Table of contents

  • Summary
  • Key issues

Tables and charts

This report includes 12 images and tables including:

  • Detailed map
  • Participation
  • Marketable reserves (at 01/01/2019)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

What's included

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    Tonkolili iron ore mine

    PDF 1.05 MB

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    Tonkolili iron ore mine

    ZIP 1.06 MB

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