Cameroon launches an international call, page-16

It looks like that Sundance's iron ore port will be part of Kribi port expansion plan which is now under second phase of construction for the second container terminal, an iron ore and as well as oil terminals. The integration of all terminals in Kribi port for all type of commodities will make the Cameroonian city of Kribi to become the largest seaport in central Africa. However, I may be wrong. DYOR.

http://www.cameroonintelligencerepo...project-in-cameroon-leaves-locals-frustrated/

Extract from the above link.
Chinese investors want to transform the Cameroonian city of Kribi into to the largest seaport in central Africa. But after initial promises of an economic revival in the area, locals feel left out in the cold.

Kribi’s autonomous port is one of the biggestChinese investment projects anywhere in the world. When it finally opens for business, it will be the largest deepwater port in central Africa.
Some 85 percent of the €1.1 billion ($1.3 billion) budget for the new harbor project is financed by the Export-Import Bank of China, with the rest falling to the government of Cameroon. The state-run China Harbor Engineering Corporation (CHEC) has been overseeing construction.
Natural resources for China
Cameroon’s government is hopeful the new port will stimulate its economy and provide relief for the harbor at Duala, the country’s most populous city, while also providing dock space for larger ships. China, meanwhile, has its eye on nearby iron reserves, which are to be connected to new road and rail infrastructure.
Investors and government leaders hope Kribi can become Cameroon’s main port for seaborne trade
Re Kribi port second phase (see BOLD)
http://www.businessincameroon.com/t...e-2nd-phase-of-works-at-kribi-autonomous-port
During this phase, Cameroon plans to build a second container terminal with a 700- meter dock (while the first one was 350 meters long), an iron ore as well as oil terminals.
The second container terminal will be built by the Chinese firm CHEC, thanks to the financial support of Eximbank China. The iron ore terminal will be built by the consortium exploiting Mbalam iron deposit (Sundance Resources and its partners). Finally, the oil terminal will be built by the consortium which will produce liquefied gas at Kribi offshore (SNH, Perenco).
BRM