After terminating an agreement with Hanlong Mining to develop Cameroon’s Mbalam-Nabeba iron ore project with the arrest of that company’s senior executive in China, Sundance Resources has been approached by several potential partners. Coming from a range of countries with diversified interests, according to Sundance officials, they have expressed several views of how best to forge an alliance—including the provision of port and rail infrastructure via direct investment.
Sundance officials, priming for a strong foothold in what may be one of the world’s most prominent ore locations with a long-life mine with a top-class inventory, Sundance is also liaising with Cameroonian and Congolese authorities, whose borders are straddled by the site, which has already received a permit.
Mbalam-Nabeba is a high-grade hematite deposit with resources estimated at 775.4 million metric tons (mt) at 57.2% Fe, including hematite reserves of 436.3 million mt at 62.6% Fe. The company believes these reserves, along with other factors, justify the construction of dedicated railway and port infrastructure for Mbalam-Nabeba.