Canyon subsidiary signs mining convention for Cameroon bauxite project
ASX-listed Canyon Resources’ Camalco Cameroun subsidiary has entered into a mining convention, which details the agreement by which it can mine the Minim-Martap bauxite project, in Cameroon, and export the recovered bauxite and alumina.
The signing of a mining convention is a requirement ahead of the granting of a mining permit.
The mining convention was formally executed during a signing ceremony attended by Camalco CEO Rana Pratap Singh and Cameroon’s interim Minister of Mines Fuh Calistus Gentry.
The signing of the mining convention marks the culmination of an extensive approval process, allowing Camalco to proceed with further development plans for Minim-Martap as outlined in the project’s bankable feasibility study.
“This milestone is a testament to the strong partnership and collaboration between Canyon and the government of Cameroon,” it says.
The signing of the mining convention will also provide Camalco with additional certainty to progress critical workstreams in relation to rail and port access, which are essential to the development of the project.
“There remains a lot of work to be done to progress the project from here, including sourcing funding for development and concluding outstanding issues in relation to port and rail access,” says Canyon CEO Jean-Sebastien Boutet.
“I would like to thank the government of Cameroon for its ongoing support of Minim-Martap and we look forward to working closely with them and our partners as we progress Minim-Martap towards production and unlock the significant value on behalf of both Canyon shareholders and the people of Cameroon,” he adds.
Camalco has in recent months worked on developing local site infrastructure and laying foundational groundwork in preparation for the signing of the mining convention.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
