Sorry if this has been posted. Cameroon Today Newspaper 23 June 2011.
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DPH
Mbalam Iron Ore project: Sundance Resources Limited & Cam Iron Say Construction of Cameroon?s Iron Ore Project Begins Towards End of 2011
Yaounde, Cameroon Africa. (Cameroon News) ? Construction work on the Mbalam Iron Ore project in South East Cameroon will start towards the end of this year.
?All the organisation for the start of the project is in place and we are only waiting for the signing of the mining convention and agreements with strategic partners in order to launch construction work on the site?, Roger Bogne, the Chief Executive Officer of Cam Iron, the Cameroonian company to carry out the iron ore exploitation said in Yaounde on June 21 after discussions with the Minister of Industry, Mines and Technological Development, Badel Ndanga Ndinga.
Officials of the Australian-based Sundance Resources Limited, the mother company of Cam Iron in the Mbalam Iron Ore mining project, led by its board chairman, George Jones had discussions with the Industry and Mines Minister on the future of the project.
Cam Iron, Roger Bogne disclosed has finalised feasibility studies on the iron ore mining project that gives brighter perspectives to the local population, exploitation companies and the government of Cameroon.
The fallouts of the project will be in the form of taxes paid to the government, royalties, salaries, customs duties and the purchase of goods and services of subcontracting companies.
The Mbalam Iron Ore project is estimated to produce 484 million tonnes of rich iron ore and 2.32 billion tonnes of iron ore to be enriched.
The project is expected to cost FCFA 2, 000 billion. The iron ore will have to transported to the Port city of Kribi through a 480 km railway network that is still to be constructed. A processing factory is also envisaged for Kribi.
Progress in the Mbalam Iron ore projected was halted when board members of the Sundance Resources Ltd died in a plane crash in Congo Brazzaville in June 2010.
