Yaoundé - 28 October 2020 -

Cameroon: Sundance Resources expects a new agreement on Mbalam iron project before end June 2020

Cameroon: Sundance Resources expects a new agreement on Mbalam iron project before end June 2020
  • Comments   -   Tuesday, 22 October 2019 13:53

(Business in Cameroon) - The deadline for the finalization of Australian junior mining companies Sundance Resources and AustSino’s investment agreement on Mbalam iron project, in Cameroon, has been postponed to June 30, 2020. The decision was reached today October 22, 2019.

The agreement between the two countries plans for the sales of Sundance’s majority stake in Mbalam, to AutSino, which will develop the project.

The two companies expect that before June 30, 2020, Cameroon will reach a new agreement for this project since the old agreement between the country and Sundance Resources’ subsidiary Cam Iron expired in March 2019.

Sundance Resources, which was looking for investors, was hoping that Cameroon would extend its rights on this iron project to June 2019 but its wish was not granted. Maybe, Cameroon was scalded by the Australian company’s inability to find financial partners for the project. Anyway, Sundance Ressources sees AustSino as the investor that will put the Mbalam iron project back on track.


In its 2020 report on European investments in Cameroon, the European Union (EU) prescribes five “good practices” the country can adopt to improve its...
In 2019, private investments were less dynamic than public investments, according to the 2019 national accounts recently published by the national...
On October 27, 2020, in Yaoundé, the executive committee of "Cameroon Internet Exchange Point" (CAMIX) and Minette Libom Li Likeng (Cameroon’s Minister of...
The preliminary studies for the construction of the Chollet hydroelectricity dam are scheduled for Q1-2021. This is part of the information obtained from...

Mags frontpage

Business in Cameroon n92: October 2020

Crowfunding A solution for young entrepreneurs

Serge Esso, rising lobbyist

Investir au Cameroun n102 Octobre 2020

Financement participatif Une solution pour les jeunes entrepreneurs

Serge Esso, le lobbyiste qui monte