Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 26-Nov-2012

Emerging West Africa focussed resources company Volta Mining Limited signed a binding Heads of Agreement with Core Mining Limited. Following the agreement, Volta Mining, through its 100% owned Mauritian subsidiary, Volta West Africa Limited, will buy 100% interest in Core Mining Gabon SARL, the holder of the Kango Iron Ore Project in Gabon. The Kango Iron Ore Project (1,818km2) is situated approximately 15km from the Trans-Gabon Railway, which is a bulk haulage multi-user railway runs about 125km to Owendo Port, Libreville - Figure 1.

Managing Director of Volta Mining, David Sumich said, \"The acquisition of the Kango Iron Ore Project is synergistic in terms of operations, exploration and future infrastructure with Volta Mining\'s landmark Mbombo Iron Ore Project acquired in August and as such we believe it will help position Volta Mining as a significant iron ore participant in West Africa.\"
Socrates Vasiliades, CEO of Core, commented, \"We look forward to being a key shareholder of Volta Mining and the continued exposure to the Kango Project that this will provide. The current focus of Core remains developing our world class asset, Avima, in the Republic of Congo.\"

Go to previous page