Afferro Mining has been talking to the Cameroon government over its possible participation in the financing of the special purpose vehicle that is being set up to develop the railway being built to serve Sundance Resources’ Mbalam iron ore project. According to Afferro, the Cameroon authorities have said third party access to the line will be allowed. Afferro, which is negotiating with potential strategic partners in the development of its flagship Nkout project, is to revise the preliminary economic assessment to take account of the “potential infrastructure enhancement”. Affero CEO Luis da Silva is quoted saying: “This represents a significant step in the development of the rapidly emerging iron ore district that covers the south of Cameroon and the north of the Republic of Congo.”
