Mbalam railway construction starts late August 2023, page-32

dont need FMG.....lol

Aust-Sino Resources and Bestway Finance signed an agreement with Cameroon to build a 500 km (310 miles) rail link with the ability to transport 35 million tonnes of high-grade iron ore annually for ten years.

Bestway Finance is a Hong Kong-based company.

Despite having its headquarters in Australia, the mining business Aust-Sino's website claims that some of its board members are closely connected to China. Mbalam-Nabeba, which contains an estimated 775 million tonnes of iron ore resources, has not yet begun mining

YES A LOT of IRON ORE available