The second project is Mbalam-Nabeba iron ore mining, which was...

First 19 Last

Share
Profile

Follow
tolate

13,400 Posts.

1255

18/06/23

11:34

Post #: 68344677
Share

Originally posted by Praetor: ↑

We need clarification on which minesites are to be exploited.

Feb 2023 announcement stated the involvement of CCCM “with a goal to acquire, develop and operate mining projects in Africa, in particular in West Africa (the “West African Project”).”

I asked this question of CCCM previously but no one stated thoughts on what it stood for…clearly it’s the three C’s involved…China Cameroon Congo or some variation on that, but everything up until now has only mentioned the Congolese side of Nabeba, Avima and Badondo. The Cameroonian mines of Mbarga North & South (collectively Mbalam) have only been mentioned in relation to rail line to connect them to Kribi.

If the additional 70 kilometres taps into Nabeba, then what is happening with Avima and Badondo? That’s what I believed formed the “West African Project”. (Belinga is the other target, being scoped by FMR).

I guess we return to the question of what sites are included in the arc of the proposed rail corridor. It would make no sense for CCCM to only include Mbalam + Nabeba and discount the other two sites (particularly as the mining permits held by Sangha exist).

As it stands, and I could be incorrect, the only known facts are the rail line to Mbalam, not the mine itself, and the Congolese assets. What about Mbarga North and Mbarga South?

Also, there was an African news article which suggested construction of a 1,000km rail line connecting the remaining Avima & Badondo to Pointe-Noire in the South of the Conga, which I was interested in given the additional Congo mines that could be tapped on that arc.

There are still questions for which we don’t have answers.

Are we to hear details on the scope of the West African Project soon?

Expand

The second project is Mbalam-Nabeba iron ore mining, which was awarded to the Cameroon Mining Company (CMC) and they will build a 540-kilometer railway between Nabeba in Congo and the autonomous port of Kribi in Cameroon. Railway lines and an ore terminal.

EXTRA 70 KM ADD for a SPUR to other project.
But management ANN is required....imo

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

First 19 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

The second project is Mbalam-Nabeba iron ore mining, which was...

Top Stories

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Monash IVF shares cater 25% – Disaster or deep-value play?

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Featured News