Cameroon: Sundance revaluates Mbalam iron production capacity
Saturday, 09 May 2015 06:02
(Business in Cameroon) - According to new estimates by Sundance Resources, the Australian company in charge of the Mbalam-Nabeba mining project on an iron deposit that straddles between Cameroon and the Congo, 40 million tonnes of iron could be produced there annually, from the very start, instead of the 35 million tonnes initially suggested.
Sundance Resources revaluated the production capacity using a “dynamic simulation” in the first quarter of 2015.
"With this increase in annual mining tonnage, “annual revenue (for the mining company) will increase by 295 million dollars (around 147.5 billion FCFA) per annum” based on CFR China’s price of 80 dollars/DMT and a freight cost of 21 dollars /DMT.
Anyone know what "CFR China’s price .../DMT" means?
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