Sinosteel signs iron ore mining agreement with Cameroon
2022-05-09 15:21:21 [Print]
Sinosteel Cam SA, a subsidiary of Sinosteel Group, signed an iron ore mining agreement of over $700 million with Cameroon Mining, Industry and Technology Development Ministry on May 6 at Yaoundé
. The agreement covers the exploitation of Lobey iron ore deposit in the southern city of Kribi . After the project is put into operation, it is expected to produce 4 million tons of iron concentrate annually with grade of more than 60%.