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.
Cameroon Mining News
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.
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).
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 said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project 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 has recovered a 2-carat, low value, near gem quality stone, which confirms the diamondiferous potential of the deposit.
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.
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.
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.
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 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 ( 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
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.
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.
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.