Could be good day,,, week.
Highlights • Canyon has executed a MoU with the Port Authority of Douala for the development of the port and transshipment infrastructure for the Minim Martap Bauxite Project. • Canyon and the Port Authority of Douala have agreed to “cooperate effectively to ensure the success of the project in a mutually beneficial partnership.” • MOU provides the framework for the completion of port related access and operating agreements. • Canyon and the Port Authority of Douala have commenced the formalisation of agreements for Stage 1 of the Minim Martap Bauxite Project. • The Port Authority of Douala is aligned to provide sufficient capacity for at least Stage 1 of the Minim Martap Bauxite Project. • The Port of Douala is in operation and is serviced directly by the existing Camrail rail network • The MOU is an important milestone for Canyon in the commercialisation of the Project.
CAY Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
