logoBC
Yaoundé - 29 March 2024 -
Mining

Minim Martap Project: Canyon Resources partners with Belgian Vecturis to improve transport process

Minim Martap Project: Canyon Resources partners with Belgian Vecturis to improve transport process
  • Comments   -   Friday, 12 March 2021 12:03

(Business in Cameroon) - On March 9, Canyon Resources announced the conclusion of a service agreement with Belgian rail engineering expert Vecturis for the Minim Martap bauxite project.

Per the terms of the said agreement, Vecturis will provide its expertise to the Bankable Feasibility Study (BFS) currently underway on the project. Specifically, the company will ensure that the process being elaborated for the transport of bauxite from the production site to the port of Douala are as efficient as possible. It will particularly focus on the ore loading and unloading processes, which will have a significant impact on the volume of ore transported yearly, we learn.

"It is a unique situation where senior Vecturis executives previously run the Camrail business and know the rail line and the operation well. The appointment of Vecturis complements the BFS team and will ensure an optimal solution for the critical rail section of the project logistics," commented James Durrant, Canyon’s Director of Projects.

Let’s note that in November 2020, Canyon Resources signed a memorandum of understanding with Camrail for the transportation of 5 million tons of bauxite from Minim Martap to the port of Douala every year. The Minim Martap deposit contains 1 billion tons of mineral resources grading 45.2% alumina.

Emiliano Tossou

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »