Hi All.
While waiting for news.
The Gold that was found at Yangadou at Souanke,SDL camp site in The Congo Republic near Nabeba.
Was operated by SEMI SA and began production in May 2003, and by September 2004, it had produced 65.8 kg of Gold. It was shut down for problems with water at the mine.At todays prices of $1534.00 per once, it would have amounted to $35,604,587.
At Ntam Ridge, West of Mbalam, SDL collected enriched Banded Ironsamples, The formation (BIF) extends along the length of the ridge for more than 4km, with an approximate surface area of 8km.The BIF is essentially magnetic and it was concluded that DSO occurs as pockets on caps at the top of those ridges. The saddle portions between these ridges contained schist-rich material with some recording elevated Nickle and Magnesium concentrations.
This area at Ntam shows potential for Itabirite mineralisation with the possibility of a few meters of Supergene cap.
Mineralisation in this area could possibly be deep seated, but can only be confirmed by scout drilling.
Cameroon manufacturer, Dieudonne Bougne, opens iron plant. The CEO of BOCOM group Dieudonne Bougne plans to enter the iron ore processing business it was announced on August 3rd 2015. This revealed the creation of the Cameroon Steel Manufacturing Company par O'interesse.
It seems that the CEO of Bocom plans to fill the void of the 15% extracted from Cameroon soil of iron ore.
Samarco owned by Vale and BHP in Brazil. February 2009 SDL Announcement showed a list of projects. Minas-Rio, owned by MMX with a resource of 1,153 Mt at 39%Fe and to produce 26.5 Mtpa. Since sold through Administration.
Samarco owned by VALE /BHP Billiton with a resource of 2,998 Mt at 45%Fe and Production at that time of 20.9 Mtpa, now around 25 Mtpa with Four slurry pipe lines.
South-Eastern System owned by VALE with a resource of 3,872 Mt at 52%Fe and 100 Mtpa.
Sundance Resources owned by SDL/Camiron with 2,255 Mt at 39%Fe and 220 Mt of DSO at 60%Fe with Production of 35.0 Mtpa. Now with over 5,000 Mt of Itabirite and estimated future resource of 14.2 Billion tonnes to 18 2 Billion tonnes. and around 470 Mt of DSO at +63%Fe.
Distance to Europe for SDL OF 4,550 km. To India a distance of 6,727 km and China 10,064 km.
Cameroon Government contribution for its 15% od CamIron will be equal to 50% of the total costs incurred on the Project prior to funding of construction, including approval of the Feasibility Study and approval of equity and debt financing.
At the same time just with Mbalam iron ore, SDL Target Market was Lump 60%Fe to Europe, sales % of production 100%. Now no Lump to be exported, all fines.Fines Target Market was to be 60%Fe to Europe and sales % of Production at 40%.
Fines to Asia 60% and Sales % of production at 60%.
Concentrate of 65%, now 66% to Europe/ Middle East and Sales % of production at 30%.
Asia 65% at 70% of Production.
China accelerating 300 infrastructure projects at 7 Trillion Yuan from 2015.
India-Middle East & Africa Global steel usage over 2Bt by 2020.
Wood Mackenzie reported that Chinese peak steel is 14 years away.
As I have been saying about thoughts of Cameroon Government taking the Tenement at Mbalam in Cameroon away from SDL.
www.Spangel.co.UK say, Most DSO comes from ROC (Congo Republic) deposit with Cameroon mainly Itabirite.
Noble Group can convert their Note into 30% of a to-be formed Marketing Services Company or Convert into Sundance shares (was at 12c) a share before the recent revision of the Note.
Just a few items to think about is you so desire.
Regards
Westcott.
