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One big step for new Cameroon line

A tender to construct a new iron ore railway in Cameroon has been launched.
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The 510 km line and associated Atlantic Ocean port is expected to cost about US$4B to construct and would be available for use by a number of mining companies in the region, including Australia’s Sundance Resources, which is developing the Mbalam deposit in Cameroon, close to the border with Congo-Brazzaville.

The deepwater port will be constructed close to the existing oil terminal in Kribi and will be deep enough to serve China Max iron ore carriers.

It was reported in Cameroon that the tender has already attracted bids from a range of difference companies, including steel producers, sovereign wealth funds and Chinese banks.

 

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