Proactive Investors reported that DMC Mining has struck an deal for the future haulage of iron ore from the company's Mayoko Project in the Democratic Republic of Congo to the port of Pointe Noire.

As per report, DMC has formalized an agreement with the state owned and operated railway company, Chemin de Fer Congo-Ocean, via its which grants immediate access to DMC for the usage of the Mayoko to Pointe Noire bulk haulage rail line. The rail line is approximately 2.2 kilometers from DMC’s Mayoko Iron Ore deposit and runs to the wharf of the established deep water port of Pointe Noire.

The CFCO, which is administered by The Ministry of Transport for the Republic of Congo is the owner and operator of the Mayoko to Pointe Noire rail line.

The Pointe Noire to Mayoko rail is currently under utilized. CFCO presently operate weekly passenger and general freight trains on the Pointe Noire to Mayoko rail line, which is narrow gauge with a distance of 439 kilometers to the port of Pointe Noire.

Mr David Sumich MD of DMC said that “This is a very significant milestone for DMC and we are delighted that the CFCO are partnering with us as we advance the Mayoko Iron Ore Project.”

Mr Sumich said that DMC has engaged a Perth based project management and engineering company, which is the owner of the Calibre-Engenium JV rail EPCM specialist group to compile the available information on the Mayoko to Pointe Noire rail line. These inputs will form part of the Company’s ongoing pre-feasibility studies.

(Sourced from Proactive Investors)