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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On 18 th 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...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has appointed Nfon (Traditional Chief) Ekoko Mukete as a Non-Executive Director of Canyon’s wholly-owned subsidiary company Camalco Cameroon S.A. Nfon Ekoko Mukete is the ‘Paramount Ruler’ of the...
This week the bauxite industry was in the news for a limited number of incidents. To begin with, Guinea Alumina Corporation, a wholly-owned subsidiary of Emirates Global Aluminium (EGA), announced on December 6, 2021 that it had awarded a critical mining contract to a Guinean firm, GPC, as the...
Canyon Resources reportedly plans to release the bankable feasibility study for its Minim Martap bauxite project in January 2022, including improving rail production capacity and developing a superior port handling facility. Fresh modelling from West African rail engineering consultant Vecturis has...
The Australian securities exchange registered firm Canyon Resources Limited announced that, through its wholly-owned Cameroon subsidiary Camalco Cameroon SA, it has attended four formal sessions with the Government of Cameroon to negotiate terms of the Mining Convention for the Minim Martap Bauxite...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has announced that it has appointed Jean-Sebastien Boutet as Chief Executive Officer. Boutet is an experienced metals and mining executive carrying more than 16 years in the bauxite and aluminium...
The Australian listed company that is focussed on the development of the 100% owned Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon, Canyon Resources Limited has updated the shareholders on the progress of development on the bauxite...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited announced that its ongoing work to finalise the Company’s Bankable Feasibility Study (BFS) for the 1 billion tonne resource has received confirmation from Camrail that all the bridges on the rail...
The share prices of the world-class bauxite developer Canyon Resources have escalated after Guinea, the world-leading supplier of bauxite experienced its third coup in less than 40 years. The political unrest propelled prices for aluminium rise towering to 10-year highs on concerns that it will...
Canyon Resources, the world-class bauxite explorer in Cameroon, announced the receipt of seven letters of support from the key Government and traditional rulers in the region around the Minim Martap Bauxite Project. The letters were addressed to Canyon’s wholly-owned Cameroon subsidiary company,...
The Australian Securities Exchange-listed mining company, Canyon Resources Limited has declared the enforcement of a Strategic Partnership Agreement and MOU for the Minim Martap Bauxite Project in Cameroon with Zhongye Changtian International Engineering Corporation of MCC (MCC-CIE), the mining...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon resources is cashed out to headway its optimistic Minim Martap bauxite project following the completion of the first phase of $6.2 million placement. The Australian company has raised more than $ 5.6 million from the...
The mining and development of the 100% owned Minim-Martap Bauxite Project, Canyon Resources Limited announced that it has received firm commitments from existing and new institutional and sophisticated investors to raise $6.0m (before costs), via the issue of 77,257,157 new fully paid ordinary...
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been...
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has appointed André Henry as Director of Port and Rail, for Camalco SA. Camalco SA is the 100% owned Cameroonian entity that holds the authorizations for Canyon Resources Minim Martap Bauxite Project...
The last week saw some of the leading companies announcing new agreement for bauxite supply and submitting the ‘Environmental and Social Impact Assessment’. Let’s explore the top stories covering the downstream products vertical for the week that went by: Metro Mining Limited has signed two new...
Canyon Resources Limited moves ahead with another milestone development for their Minim Martap Bauxite Project in Cameroon by submitting the ‘Environmental and Social Impact Assessment’ (ESIA) on 1st June 2021 to the Ministry of Mines, Industry and Technological Development (MINMIDT). An...
