https://ecomatin.net/projet-minier-de-mbalam-nabeba-interrogation...

https://ecomatin.net/projet-minier-de-mbalam-nabeba-interrogations-sur-la-credibilite-de-bestway-et-austsino/

Bestway finance LTD

"The consortium is made up of some of the largest Chinese groups in the fields of construction of mineral ports, railways, mines, steelworks and iron marketing." Called to give more details on the company of which he is the CEO, will say no more. This company, little known to Cameroonians, does not, strictly speaking, hold any feats of arms in mining throughout the world. Based in Hong Kong, it was only incorporated on June 23, 2020 as a private company limited by shares. However, this novice succeeded in a short period of time to beat the pawn to the mining giants that are Avima Iron Ore and Sundance Resources in Central Africa. On March 13, 2021 Sangha Mining, its Congolese subsidiary, obtained from the Congolese State three mining titles for the exploitation of iron, all in the operational phase, in the towns of Badondo, Avima and Nabemba. While positioning itself in Cameroon, BFL has formed a consortium made up of large Chinese mining investors. This brings together companies from the Middle Kingdom such as China Railway Construction Corporation, Baowu, Yantian Port Holding, Shanghai Tsingshan Minerals, Metallurgical Corporation of China and China Harbor Engineering Company (CHEC). “The financing is 100% by the commercial partners, by the members of the consortium” moreover boasted Alexandre Mbiam. This brings together companies from the Middle Kingdom such as China Railway Construction Corporation, Baowu, Yantian Port Holding, Shanghai Tsingshan Minerals, Metallurgical Corporation of China and China Harbor Engineering Company (CHEC). “The financing is 100% by the commercial partners, by the members of the consortium” moreover boasted Alexandre Mbiam. This brings together companies from the Middle Kingdom such as China Railway Construction Corporation, Baowu, Yantian Port Holding, Shanghai Tsingshan Minerals, Metallurgical Corporation of China and China Harbor Engineering Company (CHEC). “The financing is 100% by the commercial partners, by the members of the consortium” moreover boasted Alexandre Mbiam.

This Chinese offensive on the mining project is more due to the rise in iron prices on international markets. At the end of June, a tonne of iron ore hit a record cost of $ 202.65 on the London Metal Exchange (LME), a first according to the benchmark index compiled by S&P Platts since 2008. According to analysts at Deutsche Bank, this uptrend is not about to tumble in the next 5 years. Now is the time to invest in it given the fact that a fall in prices could seriously impact the feasibility of the project.


Really - DYOR