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This was in the Cameroon Tribune on the 11th July.

This revisit of the mining sector in the country and its importance in jump-starting the economy is very much informed by the visit last week of Mr George Jones, the chairman of Sundance Resources Limited, a strategic partner to the Cameroonian company, CAM-IRON SA which is starting a giant iron ore project around Mbalam, Ngoila Sub Division, East Province. The project will take a whopping CFA 1,250 Billion (about USD 2.5 Billion). In an economy in dire need of jobs for numerous unemployed youths, the 3,000 construction job openings come as welcome relief. At the end of the construction phase, permanent jobs will stay at around 1,000. Quite a reasonable figure too!

Apart from fiscal and other benefits the economy is expected to draw, several social amenities are accompanying the project. Already, a motorable road now links Ngoila with the project site. CAM-IRON will construct a 450- kilometre railway line between Mbalam and Kribi and a port in Kribi among other things. These are serious commitments, coming, as it were, from an Australian partner. As the Minister of Mines has aptly indicated, the opening of the Mbalam mine is a clear illustration that the mining sector could be an important booster in the development of Cameroon.

Perhaps some good driil results might help.

<blockquote data-quote="Nasdaq" data-source="post: 181490" data-attributes="member: 10044">This was in the Cameroon Tribune on the 11th July.This revisit of the mining sector in the country and its importance in jump-starting the economy is very much informed by the visit last week of Mr George Jones, the chairman of Sundance Resources Limited, a strategic partner to the Cameroonian company, CAM-IRON SA which is starting a giant iron ore project around Mbalam, Ngoila Sub Division, East Province. The project will take a whopping CFA 1,250 Billion (about USD 2.5 Billion). In an economy in dire need of jobs for numerous unemployed youths, the 3,000 construction job openings come as welcome relief. At the end of the construction phase, permanent jobs will stay at around 1,000. Quite a reasonable figure too!Apart from fiscal and other benefits the economy is expected to draw, several social amenities are accompanying the project. Already, a motorable road now links Ngoila with the project site. CAM-IRON will construct a 450- kilometre railway line between Mbalam and Kribi and a port in Kribi among other things. These are serious commitments, coming, as it were, from an Australian partner. As the Minister of Mines has aptly indicated, the opening of the Mbalam mine is a clear illustration that the mining sector could be an important booster in the development of Cameroon.Perhaps some good driil results might help.</blockquote>

[QUOTE="Nasdaq, post: 181490, member: 10044"] This was in the Cameroon Tribune on the 11th July. This revisit of the mining sector in the country and its importance in jump-starting the economy is very much informed by the visit last week of Mr George Jones, the chairman of Sundance Resources Limited, a strategic partner to the Cameroonian company, CAM-IRON SA which is starting a giant iron ore project around Mbalam, Ngoila Sub Division, East Province. The project will take a whopping CFA 1,250 Billion (about USD 2.5 Billion). In an economy in dire need of jobs for numerous unemployed youths, the 3,000 construction job openings come as welcome relief. At the end of the construction phase, permanent jobs will stay at around 1,000. Quite a reasonable figure too! Apart from fiscal and other benefits the economy is expected to draw, several social amenities are accompanying the project. Already, a motorable road now links Ngoila with the project site. CAM-IRON will construct a 450- kilometre railway line between Mbalam and Kribi and a port in Kribi among other things. These are serious commitments, coming, as it were, from an Australian partner. As the Minister of Mines has aptly indicated, the opening of the Mbalam mine is a clear illustration that the mining sector could be an important booster in the development of Cameroon. Perhaps some good driil results might help. [/QUOTE]

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