Kumba to participate in Faleme iron ore project in Senegal
South African metals and mining company Kumba Resources Limited (KMB) has recently signed an agreement with Miferso, a project development company owned by
Senegal government, to conduct feasibility study in the Faleme
iron ore deposit, located in the south-eastern region of
Senegal.
The project is a part of Kumba's plan of strengthening its market position in
Africa.
In line with the deal, Kumba will conduct feasibility study for ten months to find out whether the mine can supply
iron ore for at least 20 years. In return for the feasibility study, Miferso will fund the project and develop rail and port infrastructure.