The Buchanan Project
The Buchanan project entails the beneficiation of an 11Mt Haematite iron ore tailings deposit located at the port of Buchanan.
The Buchanan tailings dumps, with a grade of 45% Fe, are the residue of an extensive mining and processing operation undertaken between 1963-1989, when a Liberian-Swedish-American consortium (“LAMCO”) exploited the large high grade (>60% Fe) Nimba/Yekepa orebody some 250 km north of Buchanan.
A definitive feasibility study was completed by AMEC in 2014 which concluded that the project will produce 1.2Mt per annum of 62% Fe iron ore concentrate with a life of mine of 5 years. An optimisation study is currently under way with a view to combining it with the companies Goe Fantro project which is only 70km away.