flash

Russian billionaire Bogolyubov injected 36.9 billion CFA francs in the draft Mbalam iron

Russian billionaire Bogolyubov injected 36.9 billion CFA francs in the draft Mbalam iron
 
Sundance Resources, Australian mining junior, whose Cameroon subsidiary Cam Iron, the pilot project to develop the iron ore deposit-Mbalam Nabeba, torn between Cameroon and Congo, announced September 3, 2014, have entered into an investment agreement 36.9 billion CFA francs (40 million Australian dollars), with the American company Wafin Limited, owned by Russian billionaire Gennadiy Bogolyubov (photo).
According to Sundance Resources, the financial investment made ​​by Wafin Limited and will allow progress in the conduct of the project. It will be particularly told, to support the partner Mota Engil in mobilizing teams to work on the design and construction related to the project (railways Mbalam-ore terminal of Kribi Kribi port infrastructure; to recruit an expert to meet the demands of financial partners, including conducting environmental impact studies, to continue activities to prepare the site to house the mine in Congo and Cameroon.
After the purchase agreement for the production of the first 10 years agreement with Noble Resources, the designation of the Portuguese firm Mota Engil for the construction of infrastructure related to the project, the choice of obtaining research funding to the South African bank standard Bank, the investment agreement with Wafin Limited is a new milestone in the development of the most advanced mining project in Cameroon.
on the basis of: http://www.investiraucameroun.com/mines/0309-5610-le-milliardaire-russe-bogolyubov-injecte-36-9-milliards-de-fcfa-dans-le-projet-de-fer-de-mbalam
 
Share Button