The Transport Minister has confirmed that iron ore from Mayoko-Moussondji will be transported using the existing CFCO railway which links the Project to Pointe-Noire.
Minister Adada has provided assurances to the Company that the CFCO and the PAPN will be able to allocate available transport, storage, and ship loading capacity corresponding to Equatorial's production plans as presented to the government.
Quando comparada a compreensao oral isoladamente, observou-se que: quanto maior a CPO, maior a CFSO e viceversa; quanto maior a CFSO, maior a CFCO
The ROC railway system is under the control of the CFCO, a state owned and operated railway company, administered by the ROC Ministry of Transport.
This work formed the base for Equatorial's Rail Studies Manager, Mr John Dorotich, to prepare a detailed Railway Feasibility Study as contemplated within the agreements signed between Equatorial and the CFCO.
The ability for the key regional mining companies to work together with the government and the CFCO will be critical to the development of an efficient and effective rail network from the mines through to the port of Pointe-Noire and in the future through to Port-Indienne.
On February 2009, African Iron 80% owned subsidiary DMC Iron Congo has inked a MoU with CFCO consistent to which CFCO allowed DMC Iron Congo access to its rail infrastructure.
African Iron and CFCO have been in active negotiation with the aim of changing the Rail MoU into the Rail HoA.
The extension of the rail MoU would enable the Company to finalize discussions with CFCO in relation to the rail Heads of Agreement whilst also enabling it to consider and incorporate any relevant matters into the rail Heads of Agreement from the initial findings of the Egis study, said African Iron acting CEO Mr Joe Ariti.
Equatorial has signed two previous agreements with the CFCO in relation to the usage, financing and operations of the railway line for commercial transport.
The CFCO will retain ownership of the "below rail" and will be ultimately responsible for maintenance and refurbishment of the railway system;
In January 2011 the Company commenced a detailed study of the railway system in conjunction with the CFCO
using R&H Railway Consultants (Pty) Ltd ("R&H").