123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Socrates Vasiliades |avima Iron Ore

Profile Picture
By Author: Socrates Vasiliades
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Avima is one of the largest Premium Quality world class iron ore deposits in Africa” said Socrates Vasiliades the executive chairman.

Avima is a free dig, low strip ratio mining operation that produces 65% fe fines and lump with low impurities. Avima being a world class high grade iron ore deposit means they are lowest cost quartile which is an enviable position to be in.


Avima is significant, as high-grade iron-ore is continuous over a 40 km strike, with up to 90 million-ton-a-year mine life estimated.
It is located in the North West Republic of Congo and borders Gabon to the West and is 50 kilometers South of the Cameroon border. The deposit is among the highest-quality and lowest-cost projects in Africa.

Iron ore shall be trucked 550 kilometers to Kribi port and loaded on cape size vessels. “The larger vessels such as cape size generally means freight rates will be competitive.” Socrates Vasiliades said.

In recent years newly built roads and extensive refurbishment of existing roads have taken place in both Republic of Congo and Cameroon. This has allowed Avima to utilize the new road network and haul the iron ore to the port by road train competitively.


Avima is planning to ramp production up to 90 million tonnes per year. This will require a new railway system in the country and expansion of the port facilities at Kribi. The roll out is intended over the next 3 to 4 years. “We are reasonably advanced in our phase 2 production plans”.


Both Republic of Congo and Cameroon are stable environments and both are committed to expanding their natural resources and infrastructure. Avima’s operations are of strategic benefit for both Republic of Congo and Cameroon.The company enjoys strong political support from both countries. The development of Avima is integral to that of the Central Africa region, as Avima will contribute significantly to the national economies both countries.

Total Views: 245Word Count: 313See All articles From Author

Add Comment

Business Articles

1. What Are 6 Reasons To Hire Web Developers For Your Ecommerce Website?
Author: itechscripts

2. These Are The Ten Things That Stain Your Teeth The Most
Author: Charlie Wellish

3. Complete Information About Commercial Security Systems
Author: dev patel

4. Hire Best Packers And Movers In India
Author: EnquiryMart

5. Things To Remember Before You Do A Home Up Gradation
Author: samiandsons

6. How To Keep The Old Charm With The New In Kitchen Remodeling?
Author: samiandsons

7. Global Food Grade Gases Market
Author: shankarmmr

8. Global Third-party Logistics Market – Industry Analysis And Forecast
Author: shankarmmr

9. Software-as-a-service (saas) Market
Author: shankarmmr

10. The Ultimate Guide To Home Alarm System Installation In Uk
Author: dev patel

11. Global Automotive Wiring Harness Market
Author: shankarmmr

12. Global Nanophotonic Market – Industry Analysis And Forecast
Author: shankarmmr

13. Global Chewing Gum Market: Industry Analysis And Forecast
Author: shankarmmr

14. Fintech Blockchain Market – Global Industry Analysis And Forecast
Author: shankarmmr

15. Global High Temperature Insulation Materials Market
Author: shankarmmr

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: