logoBC
Yaoundé - 22 April 2021 -
Mining

Avima Iron Ore chooses Port of Kribi as its iron exports’ gateway

Avima Iron Ore chooses Port of Kribi as its iron exports’ gateway
  • Comments   -   Monday, 29 June 2020 15:51

(Business in Cameroon) - On June 8, Avima Iron Ore Limited, signed a Memorandum of Understanding with the Port Authority of Kribi (PAK), establishing a formal partnership for the reception, storage, and loading of iron ore from Avima's mining sites in the Republic of Congo to the port of Kribi for export.

According to the PAK, in the framework of the partnership, the two parties will carry out an economic, commercial, technical, financial, and legal feasibility study to ensure the smooth and rapid transport of the iron ore to be exported from the deep seaport of Kribi, in southern Cameroon.

This project was proposed in neighbouring Gabon. Indeed, on February 13, 2017, in Libreville, Christian Magnagna, former Minister of Mines, received Socrates Vasiliades, CEO of Avima Iron Ore, to discuss the matter. The head of Avima proposed the construction of a 190-km road connecting the towns of Avima (Congo) and Makokou (Gabon).

Socrates Vasiliades also requested the construction of a railway line from Makokou to Boué to transport his ore to the new mineral port of Owendo. However, since then, the Owendo track has not been heard of again. Nonetheless, there is no indication that talks with the Gabonese authorities have been unsuccessful.

The Avima project, in Congo, is a high-grade iron ore deposit with about 700 million tons of iron ore. Experts consider it to be a world-class mining project.

Sylvain Andzongo

minddevel-expresses-concerns-over-the-management-of-garbage-removal-tax-proceeds
Minister of Decentralization and Local Development, Georges Elanga Obam (photo) recently expressed his concerns over the management of the...
cameroon-loses-40-to-50-of-its-cocoa-seedlings-to-climate-change-every-year-sodecao
Cameroon loses 40 to 50% of its cocoa seedlings in nursery plants every year because of climate change due to which dry seasons are increasingly longer....
cemac-towards-the-creation-of-a-regional-credit-information-bureau
On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
china-is-the-main-destination-for-cameroon-s-cotton-sodecoton
During the 2020-2021 cotton season, which will be concluded in the next few days, Cameroon Cotton Development Corporation (SODECOTON) is expected to...

Mags frontpage


Business in Cameroon n98: March 2021

State personnel Time for a slimming diet


More support to boost the Cameroonian industry’s competitiveness


Investir au Cameroun n108: Mars 2021

Personnel de l’Etat Un régime minceur s’impose


Un soutien à la compétitivité de l’industrie camerounaise