Tsodilo Resources Limited, the Canadian mining company, which has projects in northern Botswana is pleased that cabinet has approved the Final Feasibility Study for the Trans-Zambezi Railway Extension Grootfontein-Rundu-Katima Mulilo.
Tsodilo Resources Limited is a resource exploration company engaged in the search for economic metal and diamond deposits in Botswana.
Minister of Works and Transport Minister John Mutorwa announced that Namibia is at the forefront of coordinating the extension of the Grootfontein-Katima Mulilo railway project.
“We are now at the stage where the finance ministry is in the lead to see how we can fund this, because it’s not only a Namibian railway line. It is like a road that will connect us to other countries, such as Zambia and Botswana, through Ngoma up to Kasane, and link up with Zimbabwe and Zambia, where the bridge is, up to the Democratic Republic of Congo.”
The cross-border rail project aims to link new mines and mining activities to the railway network along the Walvis Bay – Ndola – Lubumbashi Development Corridor to enable transportation of minerals from the Copperbelt of Zambia and Democratic Republic of the Congo to Walvis Bay. This corridor is perfectly positioned to service the two-way trade between the (Southern African Development Community (SADC) region and Europe, North and South America and emerging markets in the East.
“Namibia Cabinet’s approval is a crucial and big step forward. The rail extension is an important development for Tsodilo as it opens up a proximate rail transportation system for the delivery of our Xaudum Iron Formation project,” commented Tsodilo’s Chairman and CEO, James M. Bruchs.
The proposed rail extension between Grootfontein and Katima Mulilo is significant as the extension is planned to pass through Divundu in Namibia which is located 35 kilometers from Tsodilo’s license location in northern Botswana.
Tsodilo Resources Limited is an international resource exploration company engaged in the search for economic metal and diamond deposits in Botswana.
