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Canyon Resources has announced the delivery of locomotives to its Cameroonian subsidiary, Camalco Cameroon S.A., marking further progress in the development of the Minim Martap Bauxite Project's mine-to-port logistics network.
{alcircleadd}The milestone follows the company's decision to increase its stake in Camrail, Cameroon's national rail operator, from 9.1 per cent to 26.9 per cent. According to Canyon, the larger holding will strengthen oversight of bauxite transportation, support rail infrastructure upgrades and improve the overall logistics chain for the project.
The newly delivered locomotives will undergo a six to eight-week commissioning, testing and operator training programme before rail transport between the Inland Rail Facility and the Port of Douala begins in the third quarter of 2026.
Canyon also confirmed that the first 60 rail wagons have left the factory and are expected to arrive in Cameroon by mid-August 2026, while the remaining 100 wagons are scheduled for delivery later in the third quarter.
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Under the first phase of development, a fleet of seven locomotives and 160 wagons is expected to transport around 35,000 wet metric tonnes of bauxite per month. Subject to securing an additional USD 160 million in funding, the second phase will include 15 more locomotives and 400 wagons, increasing transport capacity to approximately 105,000 wet metric tonnes per month by early Q3 2027.
The company expects trial mining to begin in the third quarter of 2026, pending final discussions with local communities. Construction of the ore haul road, Inland Rail Facility and dredging work at the Port of Douala are also expected to be completed later in the quarter, paving the way for the first bauxite shipment in Q4 2026.
Separately, Canyon Resources announced that Non-Executive Chairman Mark Hohnen will retire from the board on 25 August 2026. The company said further details regarding board succession will be announced in due course.
Managing Director Peter Secker said the company remains on track to commence mining and export high-quality bauxite before the end of 2026, while continuing discussions to secure funding for the project's next stage of expansion.
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