Lobito Corridor expects to reach annual export capacity of one million tons.

The Lobito corridor is expected to reach an annual export capacity allocation of one million tons, through Trafigura, LAR, Ivanhoe Mines and Zijin Mining, from 2025. According to the LAR Press Office – Atlantic Lobito Corridor .

The aforementioned companies have a commitment to initially export 10,000 tons to be transported in 2024, which will allow the Corridor to increase its operability.

From next year, Trafigura's export capacity allocation through LAR will be up to 450,000 tonnes per year. Furthermore, the Kamoa-Kakula copper complex, a joint venture between Ivanhoe Mines and Zijin Mining, has been assigned a minimum capacity of 120,000 tonnes and up to 240,000 tonnes per annum of copper products - blister-anode or concentrate.

In 2022, the Lobito Atlantic Railway consortium, made up of Trafigura, Mota-Engil and Vecturis, obtained a 30-year concession for the operation, management and maintenance of the Lobito Corridor and the mineral terminal at the port of Lobito. The line, when fully modernized, will provide a more efficient and lower-carbon route to the market for copper, cobalt and other metals crucial to the energy transition and will operate in a commercially open manner with the entire market.

The Lobito Corridor rehabilitation project benefits from support from the governments of Angola, DRC, Zambia and the US government's Partnership for Global Infrastructure Investment (PGII).

However, it features an investment of more than $500 million over the life of the concession, with potential funding of at least $250 million from the US International Development Finance Corporation. The investment will allow the renewal of sections of the railway line and associated infrastructure, in addition to guaranteeing the acquisition of an additional 1,500 wagons and 35 locomotives.

Lobito Corridor expects to reach annual export capacity of one million tons

The Lobito corridor is expected to reach an annual export capacity allocation of one million tons, through Trafigura, LAR, Ivanhoe Mines and Zijin Mining, from 2025. According to the LAR Press Office – Atlantic Lobito Corridor .

Feb 9, 2024 - 13:22
Lobito Corridor expects to reach annual export capacity of one million tons
© Photography by: DR
Lobito Corridor expects to reach annual export capacity of one million tons

The aforementioned companies have a commitment to initially export 10,000 tons to be transported in 2024, which will allow the Corridor to increase its operability.

From next year, Trafigura's export capacity allocation through LAR will be up to 450,000 tonnes per year. Furthermore, the Kamoa-Kakula copper complex, a joint venture between Ivanhoe Mines and Zijin Mining, has been assigned a minimum capacity of 120,000 tonnes and up to 240,000 tonnes per annum of copper products - blister-anode or concentrate.

In 2022, the Lobito Atlantic Railway consortium, made up of Trafigura, Mota-Engil and Vecturis, obtained a 30-year concession for the operation, management and maintenance of the Lobito Corridor and the mineral terminal at the port of Lobito. The line, when fully modernized, will provide a more efficient and lower-carbon route to the market for copper, cobalt and other metals crucial to the energy transition and will operate in a commercially open manner with the entire market.

The Lobito Corridor rehabilitation project benefits from support from the governments of Angola, DRC, Zambia and the US government's Partnership for Global Infrastructure Investment (PGII).

However, it features an investment of more than $500 million over the life of the concession, with potential funding of at least $250 million from the US International Development Finance Corporation. The investment will allow the renewal of sections of the railway line and associated infrastructure, in addition to guaranteeing the acquisition of an additional 1,500 wagons and 35 locomotives.