11,172.75 TRY BIST 100 BIST 100
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

Shareholding change in project between Cameroon and Congo!

A change of shareholding at Mbalam and Nabeba, an iron ore extraction project between Cameroon and Congo, has been authorized by Sundance Resources.

Shareholding change in project between Cameroon and Congo!

Sundance Resources is making a change of shareholding in Mbalam and Nabeba, an iron ore extraction project between Cameroon and Congo. The definitive feasibility studies for the Mbalam and Nabeba projects, which involve the construction of a 70-kilometer rail line that will connect 510 kilometers of railway in Cameroon to the Nabeba mines in Congo, were completed in 2011.

Sundance's shareholder structure has changed, with Hanlong Resources Ltd. acquiring a 15% stake in the leading minerals company, and Hanlong Resources Ltd. became the major shareholder of the company by a resolution effective March 12, 2024.

After slowing down due to the Covid-19 outbreak, project activities are expected to be reactivated in 2024. With the start of Mbalam and Nabeba, economic and infrastructural developments in the region are expected to accelerate.

These developments are expected to be supported by local companies contributing to iron ore mining, which is expected to make significant contributions to the region by revitalizing the local economy, and the infrastructure projects mentioned in related to these activities.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

MMK announced its operating results for the 2nd quarter and 6 months of 2024

Tuesday, July 23, 2024

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024

India underlines the important role of green steel in the iron and steel sector

Monday, July 22, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now