09
May
11:18
Sinosteel Cam finalises Lobé iron ore mining agreement
Sinosteel Cam S.A., a subsidiary of China’s Sinosteel Group, on 6 May signed a mining agreement with Cameroon’s Ministry of Mines, Industry and Technological Development for the Lobé Iron Ore Project, Kallanish learns.
The government of Cameroon will grant a mining license to Sinosteel Cam, and the latter expects to invest more than $700 million in the project.
The main works include an iron ore beneficiation plant, a pipeline of some 20 kilome…
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