Congo Republic Ships First Iron Ore from Upgraded Port

BRAZZAVILLE, April 19 (Reuters) - Congo Republic shipped its first iron ore exports on Friday from a rehabilitated deep-water port that will be used by Congolese billionaire Paul Obambi's Sapro SA and Swiss commodities giant Glencore. Sapro mined the oil-dependent Central African country's first iron ore in 2017 from its Mayoko project in the southwest and plans to reach … [Read more...]

DP World May Develop $1.2 Billion Port at Banana on Congo Coast

By William Clowes and Michael J. Kavanagh (Bloomberg) -- DP World Ltd. may develop a $1.2 billion deep-water port in the Democratic Republic of Congo, according to documents published by a Senegalese whistle-blowing organization. DP World signed an agreement with the Transport Ministry in February 2017 giving the Nasdaq Dubai-listed company exclusive rights to negotiate a … [Read more...]