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
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...
Senegal to deploy 1,000 hybrid taxis under FDTT-BCI SN financing deal Project targets informal sector reform, with 100 taxis arriving February 2026...
Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS...
Bill aims to simplify tax system, promote compliance, and support growth Follows removal of E-Levy, COVID tax to ease household, business costs...
Platform matches corporate needs with local tech solutions in real time Aims to boost national innovation, digital transition, and competitiveness...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...