Cameroon, page-25

Hi Squidd,

These two quotes may assist. From:

Dr. Fuh Calistus Gentry,
Secretary of State for Mines, Industries and Technological Development:

"In Cameroon, projects which are at the most advanced stages require the construction of related infrastructures for the effective start of the mine. If we take the case of the Mbalam iron, we need to build approximately 580Km railroad between Nabeba and Kribi, to convey ore to the Kribi Deep Sea Port where a ore tanker terminal will be built for shipment purposes. Negotiations are underway and the State has just decided to position itself as operator to construct these related infrastructures. Chinese partners have been identified to carry out these works following the BOT (build-operate-transfer) model."

And also:


"Hence, the State through financing from Exim Bank of China, will build the railroad and ore tanker terminal at the Kribi deep sea port."


My understanding is that Sundance are endeavouring to announce to market by 30 June. I spoke briefly to GC before he flew out on Monday.

Chinese President Xi Jinping met with Cameroonian Prime Minister Philemon Yang in Beijing on Friday, reportedly signing cooperative documents on the economy, technology and infrastructure.

Watch this space Squiddly...

Cheers,

Samson