Last July, the company referred the dispute to international arbitration after learning that Cameroon’s government was in talks with the Republic of Congo to develop the mine with Chinese investors. Sundance claims that the permit breaches the International Chamber of Commerce’s ruling that the licence cannot be awarded to a third party while it is under dispute with the government. The company said its legal representatives had confirmed that Cameroon had issued an exploitation permit for the Cameroonian part of the project, known as the Mbalam licence, to Cameroon Mining Company SARL (Cameroon Mining). Located along the border of Cameroon and the Republic of Congo, the Mbalam‐Nabeba iron ore project is expected to produce 35 million tonnes of ore a year for at least 25 years.Īustralian firm Sundance Resources has been in a dispute with authorities of the two countries over the Mbalam-Nabeba project. Minor refinements to the geological interpretation, especially at Mbarga and Mbarga South where the base of the transitional domain was lowered to include material containing more than 45% iron.Cameroon has been found to have flouted an international court order by issuing a mining permit for the Mbalam iron ore deposit to a local firm.Inclusion of final laboratory XRF analyses for all completed drill holes all grades and tonnages are now based on final XRF analyses from previous drilling and.Final geological interpretation of the Nabeba deposit.The high grade hematite mineral resources for the project, which now have over 96% in the indicated category, have increased to 805.7 Mt at a grade of 57.3% iron, in comparison to the previously 775.4 Mt at a grade of 57.2% iron.
#Mbalam mining sarl logo clipt update#
Sundance has further announced an update to the project’s resource.
#Mbalam mining sarl logo clipt full#
Increase to a planned 40 Mtpa production rate and maximising Run of Mine ore feed and proportion of blend of DSO with lower grade ores over the full Life of Mine for Stage One.
Optimisation of the high grade ore reserve process during pit design and mine scheduling phases to produce a complementary premium product by controlling the proportion of the feed ore from ‘low alumina – high silica’ mines in Cameroon (the ‘Mbalam Deposits’ comprising Mbarga and Mbarga South), to blend with feed ore from ‘higher alumina – lower silica’ mines in Congo (the ‘Nabeba Deposits’ comprising Nabeba, Nabeba Northwest and Nabeba South).The material changes that have driven the recent increase in ore reserves since the previously announced ore reserve statement in December 2012 include: This increase in ore reserves coupled with the recently announced increase in the project production rate from 35 Mtpa to 40 Mtpa will have a substantial and positive impact on the project economics and ensures it is robust to changing iron ore prices.
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