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Iron mining project: Cameroon and Congo sign a 10 billion dollar agreement

01/03/2022
Categories: Raw materials

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The cross-border project for the exploitation and sale of iron on the sites of Mbalam in Cameroon and Nabeba in Congo is taking more and more shape. On February 25, 2022, a partnership agreement was signed by the Bestway Finance Limited and AustSino Resources Group Limited consortia in the presence of government authorities from both countries. A double agreement, one relating to the construction of the 510 km long railway linking Mbalam to the port of Kribi, and the other relating to the concession of the ore terminal of the Autonomous Port of Kribi (PAK).

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