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22 FEBRUARY 2022 AL CIRCLE

Cameroon’s National Mining Company Sonamines inks MoU with CREC5 to develop the bauxite deposits in Ngaoundal and Makan

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

On 18th February 2022, the national mining company of Cameroon, Sonamines through its Director-General Serge Boyogueno, signed a memorandum of understanding with China Railways No. 5 Engineering Group Co. (CREC 5), a subsidiary of China Railways Group Ltd., to support Sonamines in the development of bauxite deposits in Ngaoundal and Makan, Adamaoua.

Sonamines inks MoU with CREC5 to develop the bauxite deposits in Ngaoundal and Makan 

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Serge Hervé Boyogueno exemplifies, “Cameroon has three world-class bauxite deposits in Adamaoua (Minim-Martap, Ngaoundal, and Makan). Currently, their combined resources are estimated at one billion tonnes.”

In July 2018, Cameroon awarded three exploration permits covering those deposits to a mining operator, the Australian firm Canyon Resources for a 3-year, non-renewable period. The three permits expired on July 11, 2021, and the operator applied for a mining permit, from the Ministry of Mines, covering one of the three permits (Minim-Martap). In November 2021, Sonamines, the state representative and operational arm in the mining sector, then applied for research permits covering the remaining two deposits.”

Sonamines inks MoU with CREC5 to develop the bauxite deposits in Ngaoundal and Makan

Further, the Director-General added, “This MoU will lead to a consortium between Chinese state firms specialized in mining, industrial and commercial sectors for the development of the mining projects concerned.”

“It will also facilitate the completion of exploration works with the elaboration of a bankable feasibility study and an environmental impact study as well as the exploitation of bauxite, the construction of a refinery for the transformation of bauxite into alumina, the construction of a plant for the transformation of alumina into aluminium, and finally the construction of a plant for the transformation of aluminium into by-products (sheet metal, electric cables, etc.)

Global Aluminium Industry Outlook 2022

"After this MoU, binding agreements that are the last step before the actual commencement of works at the deposits will follow. All these are subjected to the abstention of all the relevant permits," concluded by saying, Sonamines Director-General. 


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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