ANS austsino resources group limited

Overall, potentially huge, but limit your expectations with...

  1. 3,211 Posts.
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    Overall, potentially huge, but limit your expectations with regards to ANS initial involvement.
    We are only providing port and rail.
    No mines.
    For now.

    " The border project for the exploitation and flow of iron on the sites of Mbalam in Cameroon and Nabeba in Congo is taking more and more shape after the partnership agreement signed on February 25, 2022 by the consortiums Bestway Finance Limited and AustSino Resources Group Limited in the presence of the government authorities of the two countries.

    A double agreement, one relating to the construction of the 510 km long railway linking Mbalam to the port of Kribi, and the other relating to the concession of the ore terminal of the Autonomous Port of Kribi (PAK).
    "

    Translated source:
    https://www-financialafrik-com.translate.goog/2022/02/28/cameroun-congo-une-convention-de-10-milliards-de-dollars-pour-le-projet-dexploitation-du-fer/?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc


    Further backed up by another article published Feb 28, 2022:

    " The National Mining Company (Sonamines) will now carry the mining component of the iron mining project in Mbalam, a locality in eastern Cameroon, bordering the Republic of Congo.

    If we believe the Secretary General of the Presidency of the Republic (SGPR), so decided the Head of State, Paul Biya.
    This is in any case one of the terms of the correspondence of Friday February 25, 2022 from Ferdinand Ngoh Ngoh addressed, "On the orders of the President of the Republic", to **riel Dodo Ndoké, the Minmidt. "


    Translated source:
    https://ecomatin-net.translate.goog/fer-de-mbalam-la-presidence-de-la-republique-confie-le-dossier-r-a-la-sonamines/?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc


    This might have something to do with avoiding the pending litigation?
    If that's the case, then that's a smart first step.
    Let the dust settle from that, then make a move on mining the ore.

    Last edited by DVEous: 01/03/22
 
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