Asset Report
Mbalam iron ore mine
Report summary
Mbalam is a project that incorporates two deposits, Mbarga in Cameroon and Nabeba in the Republic of Congo (RoC). It straddles the border between the two countries and is approximately 320 kilometres from Yaounde, the capital of Cameroon, and 540 kilometres from the coast. Mbalam could potentially produce 40 Mtpa with 62% Fe DSO Fines. In November 2020, the mining and exploitation permits were withdrawn from Sundance and reissued to Chinese-backed Sangha Mining Development Sasu. Government of Cameroon issued his side of the license to Cameroon Mining Company in August 2022. Sundance has issued dispute notices and raised a claim for compensation with the International Chamber of Commerce. The new parties are keen to progress the project's development, with the railway construction expected to begin in the fourth quarter of 2023.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 12 images and tables including:
- Detailed map
- Participation
- Marketable reserves (at 01/01/2023)
- Production
- Operations
- Infrastructure
- Cash costs
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
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