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The Congolese minister of mines is dealing with three separate arbitration proceedings over the withdrawal in late 2020 of the mining permits of Sundance Resources, Avima Iron Ore and Equatorial
Lack of transport capacity has been holding back Cameroon's mining sector, but long-delayed rail developments now in progress promise to speed up development.
Lack of transport capacity has been holding back Cameroon's mining sector, but long-delayed rail developments now in progress promise to speed up development.
Congo Republic signs deal on revoked iron ore licenses with Sangha Mining
Congo Republic on Saturday has signed two mining conventions with Congo’s Sangha Mining to exploit iron ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima.
The government of Congo revoked the licenses on Avima, Badondo – operated by Equatorial Resources – and Nabeba, owned by Sundance last year, saying the companies had failed to meet their obligations to develop their high-grade iron ore concessions. The companies deny this.
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The government handed the licenses to Sangha Mining Development Sasu which is registered in the Congolese city of Pointe Noire.