Yaoundé - 28 May 2022 -

Minim Martap Project: Cameroon and Canyon Resources launch negotiations for a mining convention

Minim Martap Project: Cameroon and Canyon Resources launch negotiations for a mining convention
  • Comments   -   Thursday, 28 October 2021 10:19

(Business in Cameroon) - Yesterday October 27, 2021, Canyon Resources Ltd, the Australian Junior mining firm controlling Camalco (owner of three permits on the Minim Martap and Ngaoundal deposits in Adamaoua) announced the reception of formal notifications from the Cameroonian Ministry of Mines for the launch of negotiations for a mining agreement on the Minim Martap project. 

The said document will outline the conditions (taxation, job creation, state participation, environment protection) for collaborations between Canyon Resources Ltd and the Cameroonian government for the exploitation of the Minim Martap bauxite.

According to the release issued by Canyon Resources, the negotiations are expected to end in December 2021. “The commencement and finalization of negotiations for the Mining Convention is an important pre-construction milestone for the Minim Martap Project. This is the culmination of the last 3 years' work since being granted the Project,”  commented Phillip Gallagher, Managing Director of  Canyon Resources.

This new development in the Minim Martap project occurs just weeks after the revelation (in late August 2021) of a strategic partnership between Canyon Resources and Chinese operator MCC-CIE, the mining engineering division of Chinese Minmetals Corporation. For Canyon Resources, the partnership will facilitate financing and off-taking for the project, therefore, making Cameroon the largest bauxite deposit worldwide. 

Recent estimates on the 16 out of the 79 bauxite-bearing plateaux brought the potential to 892 million tons, including 250 million tons of high-grade bauxite, ideal for aluminum production.

For James Durrant, head of the Minim-Martap and Ngaoundal bauxite exploration project at Canyon Resources, an analysis of the remaining 63 plateaux should bring the deposit's potential to about 2 billion tons. Therefore, the Minim Martap Project could be “the largest deposits in the world, both in quantity and quality.”  


The international air traffic in Cameroon fell by 62.04% from 868,788 to 357,564 passengers between 2019 and 2020. Domestic traffic also followed the same...
Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...
The Cameroonian government announced, via its Ministry of public work, (Mintp) that it has finally completed the fundraising for the construction of 14...
The British consulting firm Euro Petroleum Consultants (EPC), which specializes in petroleum and petrochemical projects, has just signed a "Project...

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 »