FYI...
Take note of the second paragraph!
In theory, everything has been decided by tonight, August 5, West African time.

Mining of Mbalam-Nabeba iron:
The foundations of Sangmélima are preparing

By Daniel Bekolo -August 4, 2023

A meeting to this effect was recently chaired by Fuh Calistus Gentry, Acting Minister of Industry and Technological Development (Minmidt).

Fuh Calistus Gentry, Acting Minister of Industry and Technological Development (Minmidt) chaired a session of the Cameroon-Congo Cooperation Platform on Friday July 14, 2023. It was within the framework of the follow-up of the project of exploitation of the Mbalam-Nabeba iron deposit, with a view to the preparation of the inter-State meeting between Cameroon and the Republic of Congo in the town of Sangmélima.

The objective, specifies the Minmidt website, was to prepare the Sangmélima meetings scheduled from July 30 to August 05, 2023 and which will mark the final adjustments with the Congolese side in order to implement all the necessary provisions so that the break of the first stone scheduled for the end of August 2023 is taking place under good conditions and will mark the effective start of the project.

This iron deposit, which extends as far as Nabeba in the Congo, is considered a world-class reserve. Sundance Resources Ltd, the project's first developer, planned a two-phase rollout. In the first phase, it was counting on an annual production of 40 million tonnes of direct-shipped ore, over a period of 12 years.

And in the second to extend the exploitation of the deposit for more than 15 years, by producing a high-grade itabirite hematite concentrate. But, to get there, global investments of more than 5,000 billion FCFA are necessary.

Indeed, during the project implementation follow-up work held in Ouesso in Congo for 2 days, it was announced for next August the laying of the first stone of the railway line with a length of 540 kilometers to connect Cameroon to Congo, including 510 km on the Cameroonian side to connect from Mbalam to Lolabe where the ore terminal at the port of Kribi will be built.

Source:
https://www-newsducamer-com.translate.goog/exploitation-du-fer-de-mbalam-nabeba-les-assises-de-sangmelima-se-preparent/?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp