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According to the interim mines minister of Cameroon, the country is set to begin the construction of a railway line in August to connect its coast to a sizable iron ore deposit that spans its border with the Congo Republic. | Pulse Nigeria
YAOUNDE (Reuters) - Cameroon will begin construction in August of a railway line connecting its coast to a large iron ore deposit straddling its border with Congo Republic, the interim mines minister said. | 07:50am
Cameroon will begin construction in August of a railway line connecting its coast to a large iron-ore deposit straddling its border with Congo Republic, the interim mines minister said. The central African country signed a deal with two China-linked companies in June 2021 to construct the railway, despite facing legal action from Australia's Sundance Resources.
Congo Republic signs deal on revoked iron ore licenses with Sangha Mining Congo Republic on Saturday has signed two mining conventions with Congo’s Sangha Mining to exploit iron ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima, Badondo – operated by Equatorial Resources – and Nabeba, owned by Sundance last year, saying the companies had failed to meet their obligations to develop their high-grade iron ore concessions. The companies deny this. Sign...
By Reuters Staff 2 Min Read DAKAR (Reuters) - Avima Iron Ore Limited said on Thursday it had written to Congo Republic’s government to demand it either reinstate the company’s production licence that was stripped last November or pay damages of $27 billion. Avima’s iron ore licence was one of three that Congo’s government revoked late last year and handed to a little-known company backed by Chinese investment called Sangha Mining Development Sasu. The government said the companies had failed to meet their obligations to develop their concessions. The companies deny this. One of them, ...