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Soaring iron ore re-awakens dormant Congo project

Strong iron ore prices have re-awakened the Mayoko-Moussondji iron ore project in the Republic of Congo (ROC), with Glencore signing up as the main offtaker on Friday.

Soaring iron ore re-awakens dormant Congo project Soaring iron ore re-awakens dormant Congo project Soaring iron ore re-awakens dormant Congo project Soaring iron ore re-awakens dormant Congo project Soaring iron ore re-awakens dormant Congo project

Congo Mining's Mayoko-Moussondji iron ore project in the Republic of Congo

Natural resources investor Nick Clarke bought Mayoko from ASX-listed Equatorial Resources in 2015 for A$5 million, when iron ore prices languished around US$50/t.

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