Angola train derailment impacts Lobito copper shipments

Kitco Media
By Reuters
Published:
Updated:
Reuters
Angola train derailment impacts Lobito copper shipments teaser image

A train derailment on Angola’s Lobito Corridor has impacted the haulage of commodities including copper concentrates, the company operating the railway line said on Friday.

The corridor provides a trade route between the resource-rich Democratic Republic of Congo and Angola’s Lobito port on the Atlantic ocean, which is strategic to the United States and European Union as they seek greater access to minerals needed for the transition to cleaner energy technologies.

The incident took place between the Cavimbe and Cangumbe stations on Thursday and involved a train hauling sulphur, Lobito Atlantic Railway (LAR) said in a statement.

No casualties were reported and repairs on the damaged 400 metres of track would be done over four days, the company added.

“LAR will prioritize the passenger trains and the fuel trains, resuming international sulfur and copper trains thereafter,” the company said.

LAR, a joint venture backed by global commodities trader Trafigura, Portuguese construction group Mota-Engil and railway operator Vecturis, was in 2022 granted a 30-year concession to operate the 1,300 kilometre rail network.

(By Nelson Banya; Editing by David Holmes)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.