Cameroon Mining News

Cameroon involved in Central African 'conflict diamonds' trade — report

Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.

China to buy major African iron ore project for $1.45 billion

The Hanlong Group, a privately owned Chinese company, is planning to take over Australian mining company Sundance (ASX:SDL) early next year and gain control over the Mbalam iron ore project in central west Africa, China's official Xinhua News Agency reported Saturday.

Mega Uranium Ltd. releases results for the year ended September 30, 2012

Net loss for the year ended September 30, 2012 was $20.2 million ($0.08 per common share) compared to a net loss of $126.4 million for the year ended September 30, 2011 ($0.50 per common share).

Cameroon a step closer to $4.7 billion iron ore mine

Australian Sundance Resources (ASX: SDL) announced Friday it has signed a contract with the government of Cameroon, which paves the way for a mining permit and the beginning of construction of the $4.7 billion Mbalam iron ore project, straddling the border with the Democratic Republic of Congo.

Botswana diamonds: Additional diamonds discovered in Libongo, Cameroon

Botswana Diamonds said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.

Botswana Diamonds finds more gems in Cameroon

London-listed Botswana Diamonds (LON:BOD) said Wednesday it recovered two new diamonds from the on-going sampling programme on the Libongo palaeoplacer project in Cameroon.

Botswana Diamonds recovers first gem at Libongo project‎ in Cameroon

Botswana Diamonds has recovered a 2-carat, low value, near gem quality stone, which confirms the diamondiferous potential of the deposit.

Reservoir Options Gold Projects From BEIG3 in the Cameroon

Reservoir Minerals Inc. ("RMC" or the "Company") (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to report that it has signed an Option and Joint Venture Agreement with the Bureau d'Etudes et d'Investigations Géologico-Minières, Géotechniques et Géophysiques (BEIG3 SÀRL) ("BEIG3") to acquire 90% of two gold exploration properties: Bibémi and So'o, in the Republic of Cameroon.

Africa diamond mine scam implicates Korean ministers and execs who made quick $70 million

Originally touted as a 'model of successful resource diplomacy' Korea's successful 2010 bid for a diamond project in Cameroon now appears to have been an elaborate scheme that netted company insiders and senior government officials at least $70 million in stock trading profits.

Newly Discovered Diamond Mines Bring Hopes of Development to Cameroon

The recent discovery of previously untapped diamond mines in Eastern Cameroon has had the Cameroon news media in a virtual frenzy, but that’s not all.

Afferro sells Putu stake to focus on Cameroon project

The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles Kernot.

Afferro files new 43-101 technical report on Putu iron ore project

Afferro Mining, the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, announces the filing of a technical report pursuant to National Instrument 43-10.

Legend Mining iron hits point to large potential of Ngovayang Project in Cameroon

Legend Mining ( ASX: LEG ) has returned more wide iron intersections after completing a seven hole drilling program at the Melombo West target within the Ngovayang Project in Cameroon, indicating the large scale potential of the project. The best

Botswana Diamonds plc: Cameroon reconnaissance program yields early successes

The board of Botswana Diamonds (AIM: BOD) is pleased to announce that its geologists have identified sequences of sedimentary rock layers in several localities in the east of its Cameroon diamond licence. These layers include a distinct conglomerate horizon, which is geologically correlated with the paleo-conglomerate that C&K Mining has identified as being diamondiferous.

Afferro Mining: metallurgical testwork indicates potential for sinter fines product

Preliminary metallurgical test work was conducted on a composite sample of the haematitic saprolite ore from the Nkout Centre area of the deposit. The sample consisted of drill hole intersections from the central part of the deposit and had a head grade of 43.6% Fe. The aim of the test work was to determine the potential to produce a suitable blast furnace feed. The test work was conducted at SGS Mineral Services, Truro, UK.

Mbalam iron ore project more than doubles indicated resources – Sundance

Australian mining firm Sundance Resources said on Thursday recent finds at its Mbalam iron ore project in Cameroon had more than doubled the amount of indicated resources in the area.