The company has said the venture will cost 140 billion CFA francs (£190 million) and includes a 1,000 megawatt hydroelectric dam to power the smelter. Construction timeline is 2015-18.
Cameroon Alumina Limited (CAL), a joint venture formed by US-based Hydromines, the United Arab Emirates’ Dubai Aluminium and Hindalco Industries of India, plans to set up a greenfield project involving bauxite mining, a three million-tonnes-per-annum (MTPA) alumina refinery and associated infrastructure, based on the bauxite deposits of Ngaoundal and Minim-Martap in the Adamawa region of Cameroon. The company intends to invest £2.5-3.7 billion in the project, which will include a railway linking the site to the port of Kribi, 535 miles away. The bauxite mines at Ngaoundal and Minim-Martap are expected to produce up to 8.5 MTPA.
Toronto-listed Geovic (GMC.TO) completed its final feasability study in April on its 21-year nickel-cobalt-manganese project in Nkamouna, in south-eastern Cameroon. For the first 11 years of full production, the company expects to annually produce 6,115 tonnes of cobalt, 3,297 tonnes of nickel and 62,800 tonnes of manganese carbonate.
Sundance Resources (SDL.AX) of Australia has an exploration permit for iron ore deposits at Mbalam. The company delayed starting production at the £1.5 billion project by two years to 2013. Reserves are estimated at around 2.5 billion tonnes, including 2.325 billion tonnes of itabirite hematite and 215 million tonnes of high grade hematite.
Nu Energy Corporation, a subsidiary of Canada’s Mega Uranium (MGA.TO), is exploring for uranium in the north and south of Cameroon. After positive results, the firm is planning a follow-up drilling programme at the Kitongo project in the north.
African Aura Mining (AUR.V) is drilling at the Kambele prospect of its wholly owned Batouri gold exploration licence in the east region where the company has recorded visible gold in 25 out of 44 holes drilled.
C&K Mining Inc was created in 2005 as a joint venture between South Korea’s C&C Mining and the Government of Cameroon. Operating close to the border with Congo Republic and the Central African Republic, the company expects output to be one million carats in the first year, reaching six million carats a year at peak production.