(3 minutes read)
Cameroon President Paul Biya promised that soon some major mining projects would commence operations, he notably pointed at three projects including the Bipindi–Grand Zambi iron ore, entrusted to G-Stones, a subsidiary of Cameroonian diversified group Bocom.
Cameroon President Paul Biya promised that soon some major mining projects would commence operations, he notably pointed at three projects including the Bipindi–Grand Zambi iron ore, entrusted to G-Stones, a subsidiary of Cameroonian diversified group Bocom.
This particular promise is about to get fulfilled, according to information gathered after a review meeting chaired by Interim Mines Minister Fuh Calistus Gentry. During the meeting, G-Stones explained that it was only awaiting the delivery of the equipment it ordered to launch the iron ore project. Everything is ready for the mine to unfailingly start operations in the next few months when the equipment for the open-pit mine is delivered and the road infrastructure completed.
Read Also:
https://trendsnafrica.com/afreximbank-funds-solar-powered-rural-households-in-cameroon/
https://trendsnafrica.com/made-in-cameroon-fast-catching-up/
https://trendsnafrica.com/jumia-winds-up-operations-in-cameroon/
G-Stones Resources signed an investment agreement with the Republic of Cameroon for the exploitation of that iron deposit on November 13, 2019. The project, which includes the construction of a steel complex in Fifinda (Southern Region), will exploit the about 160 million-ton iron ore deposit for 40 years.
