Angola, Zambia and the Democratic Republic of Congo (DRC) have taken major steps to create a trade corridor that could transform how the region’s resources are shipped, mineral exploration company Pensana Metals says.
The three countries have agreed to joint management of a trade corridor to and from the Atlantic Ocean Port of Lobito, which was recently concessioned to Portuguese infrastructure group Mota-Engil for a $450-mining upgrade.
Transport Ministers for the three countries have signed an agreement to facilitate the Lobito Corridor, which will connect the Atlantic Ocean Port of Lobito in Angola with mining hinterlands.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.
