Mining

Cameroon: Minim Martap Bauxite Output Soon Transported by Rail

Cameroon: Minim Martap Bauxite Output Soon Transported by Rail
Thursday, 06 February 2025 11:21

With over 100 million tonnes of ore reserves, the Minim Martap project is poised to become Cameroon's first bauxite mine. The project's owner, Canyon Resources, plans to use the existing rail infrastructure to move the mine’s output

Canyon Resources secured the Cameroonian government’s approval for the location of its inland rail facility. In a press release dated February 4, 2025, the company announced that the bauxite produced at the Minim Martap mine will be loaded at the facility, before being moved by rail to the port of Douala.

Minim Martap is recognized as Cameroon's leading bauxite mine, with proven reserves of 109 million tonnes. In recent years, Canyon has intensified efforts to ensure that future bauxite production can be exported via rail. Alongside the recent government approval, the company disclosed last month that it secured a loan from one of its shareholders, Eagle Eye Asset (EEA), to acquire 22 locomotives and 550 railcars for transportation.

“The approval for the location of the IRF is a timely achievement for the company following the recently announced underwriting agreement with EEA to finance the purchase of rolling stock. Key details from these agreements are being factored into the ongoing DFS and the increased oversight of logistics provides Canyon stability in progressing our project,” Canyon Resources CEO Jean Sebastien Boutet said.

Besides the feasibility study, which is expected to be completed in the second quarter of 2025, additional work is required for the mine to commence production. The company must also finalize negotiations with Camrail and the Port of Douala regarding operational agreements for rail and port infrastructure. 

The next step will involve securing financing to construct the mine, as a mining convention already exists between Cameroon and Canyon. The government has also granted a mining permit for Minim Martap.

Emiliano Tossou

On the same topic
The European Union, through the European Investment Bank (EIB), granted Nigeria a €190 million ($219.5 million) credit line to strengthen...
Allied Gold will deploy a hybrid energy program at its Sadiola gold mine, starting with 14 MW of diesel generators and expanding to 60 MW of solar power...
Empower New Energy signed a new solar partnership in Tunisia with AR Solaire and Leoni Tunisia, enabling Leoni to generate power from 10 solar sites...
Niger’s government approved the creation of a National Center for Livestock Production Improvement to boost local milk and meat output. The country...

Most Read
01

Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...

With 40% of Its Cocoa Traceable, Côte d’Ivoire Faces a Race to Meet New E.U. Standards
02

• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...

World Bank Revises Up 2025 Forecasts for Four WAEMU Countries, Amid Falling Inflation
03

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...

AfDB, BOAD join forces to expand financing for West Africa projects
04

• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...

UAC of Nigeria Takes Control of CHI Limited, Former Coca-Cola Subsidiary
05

IFC will provide up to $40 million to Banque Islamique du Sénégal (BIS) under a Mourabaha agr...

IFC Lends $40 Million to Senegal’s Islamic Bank to Triple SME Loans
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.