Canyon Resources’ Minim Martap bauxite project in Cameroon has hit a fresh financing hurdle after AFG Bank Cameroon suspended further drawdowns under the project’s loan facility, prompting the company to withdraw its previously announced first-shipment timeline. The development comes as Canyon also...
Canyon Resources has requested a voluntary trading halt in its securities on the Australian Securities Exchange as it prepares an update on the development schedule and funding position of its Minim Martap Bauxite Project in Cameroon. The halt will remain in place until the planned announcement is...
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Canyon Resources Limited, the Australian business operating in the bauxite mining vertical, has made quite a progress in the development of its Minim Martap Bauxite Project by implementing a two-stage development plan aimed at accelerating production and enabling the first bauxite shipment by 2026....
Minim Martap Bauxite Project-owned Canyon Resources Limited has announced that the Board of CAMRAIL SA has approved Total Energies Marketing Cameroun SA and Société d’Exploitation des Bois du Cameroun, to enter into two share sale agreements with its wholly owned subsidiary, Camalco Cameroon SA....
Canyon Resources Limited is pleased to announce the appointment of Dean Horton as Non-Executive Director, commencing his role on February 19, 2025. Horton’s appointment supports the Board’s strategy of attracting and building a proven, diversified, and highly credentialed team of industry...
Canyon Resources Limited is pleased to announce that the location of its Inland Rail Facility (‘IRF’) has been approved by the Government of Cameroon. In addition, Canyon’s in-country subsidiary Camalco Cameroon SA (‘Camalco’) has been allocated 105 hectares of land by the Lamido of Ngaoundere to...
This week has been highly eventful for the upstream aluminium industry, especially the bauxite sector, which has dominated the headlines. Key highlights include Metro Mining's record-breaking bauxite production, Ukraine's seizure of $50 million worth of raw materials from Russian tycoon Oleg...
Canyon Resources Limited, an Australia-based bauxite resource development and exploration company, has reportedly completed Reverse Circulation (RC) drilling and Diamond drilling programme at its Minim Martap Bauxite Project in Cameroon. The RC and Diamond drilling program involves conducting...
Canyon Resources Limited has formally signed a mining convention for the Minim-Martap Bauxite Project in Cameroon. This pivotal agreement grants Canyon's subsidiary, Camalco Cameroun SA, the right to mine and export bauxite contingent upon the issuing of a mining permit for the project area. The...
In a strategic move to propel its flagship project forward, Canyon Resources Limited, a bauxite development and exploration company, has unveiled a subscription agreement with Singapore's Eagle Eye Asset Holdings (EEA). The agreement bears the potential for an investment of up to A$59.7 million,...
On February 9, 2023, the National Employment Fund (NEF) and the Australian mining company Canyon Resources' Cameroonian subsidiary Camalco engaged in developing the project to explore the Minim Martap bauxite deposit in the Adamaoua region, inked a partnership agreement in Yaoundé. André Henry, the...
On January 9, 2023, the developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources, announced the signing of a Memorandum of Understanding (‘MoU’) that outlines a declaration of intent with the Port Authority of Douala (‘PAD’) regarding the development of infrastructure...
The bauxite segment of the global aluminium industry has witnessed some of the most crucial happenings during the last days of the year. Previously, during an economic forum, Indonesian President Joko Widodo said Indonesia would announce a ban on commodity exports without disclosing which or a...
The world-class bauxite project developer Canyon Resources has received a nearly A$12.1 million strategic placement from Eagle Eye Asset Holdings to advance the development of its Minim Martap bauxite project in Cameroon. Pramod Prusty, the President and CEO of Asset Holding, said on the Strategic...
The African-focused mineral exploration company Canyon Resources has been granted a 'Certificate of Environmental Compliance' (CEC) for its world-class Minim-Martap Bauxite Project by the Ministry of Environment. A detailed Environmental Social Impact Assessment (ESIA) was conducted by Canyon...
On 7 th October 2022, Canyon Resources announced the commencement of resource definition activities on the Makan Bauxite Permit (Permit), an adjacent exploration to the Minim Martap Bauxite Project. As of yet, the Makan Permit hasn't been explored as extensively as the Ngaoundal and Minim Martap...
Philipp Gallagher, the founder and Managing Director of Canyon Resources, has stepped down after 12 years of service. In accordance with previously announced plans, Phillip will remain on the board as a Non-Executive Director. However, with a mutual decision, he will step aside from the board...
The Australian mining company Canyon Resources has reportedly revealed a bankable feasibility study of world-class Minim Martap bauxite project in Cameroon. The study was carried out by Canyon’s strategic partner MCC-CIE, covering details of funding for various aspects of the project. One of the...
The Minim Martap bauxite project in Cameroon has undergone a Bankable Feasibility Study (BFS), determining that it has a primary twenty-year mine life, with the endeavour estimated to produce high-grade bauxite worth 6.4 million tonnes per year. The CEO of Canyon, Jean Sebastien Boutet exclaimed:...
Canyon's Makan and Ngaoundal bauxite research licences, which border the Minim-Martap Project in Central Cameroon, Africa, have been awarded two-year extensions. Camalco, a subsidiary of Canyon (ASX:CAY), is still waiting for an exploitation licence for the Minim-Martap research permit, but expects...
