Modern Mining April 2024

Trafigura and Kamoa-Kakula to become first customers of the Lobito Atlantic Railway

Trafigura and Kamoa-Kakula have agreed on long-term commitments to transport minerals via the Lobito Atlantic Railway for a minimum term of six years. The terms of the Reserved Capacity Agreements were signed during the Mining Indaba in Cape Town and mark the first long-term commercial commit ments to the Lobito Atlantic Railway, a new import-export trade route between the African Copperbelt and Angola’s Atlantic coast. The Lobito Atlantic Railway is expected to ramp up to an annual export capacity of one million tonnes per annum before the end of the decade. Trafigura’s allocation of export capacity on the Lobito Atlantic Railway will be up to 450 000 tonnes per annum from 2025. In addition, the Kamoa-Kakula copper complex, a joint venture between Ivanhoe Mines and Zijin Mining, has been

existing platform of over 730 MW already in operation and is expected to result in an annual production of more than 1 100 GWh. The announcement also marks the first proj ect developed entirely under the umbrella of the JV between Enel Green Power and QIA since the two entities entered a partner ship to build and operate renewable energy plants in Sub-Saharan Africa.  Enel Green Power and QIA announce renewable energy deal.

Trafigura and Kamoa-Kakula to become first customers of the Lobito Atlantic Railway. allocated a minimum capacity of 120 000 tonnes and up to 240 000 tonnes per annum of copper products – blister-anode or concentrate – from 2025, with an initial commitment of 10 000 tonnes to be trans ported in 2024 as the railway ramps up. 

April 2024  MODERN MINING  7