Canyon Resources now expecting Minim-Martap Bauxite capex of $130m
The junior has just signed a preliminary agreement with Camrail, but does not yet have a mining permit.
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▪ Canyon Resources now expecting Minim-Martap Bauxite capex of $130m
▪ The junior has just signed a preliminary agreement with Camrail, but does not yet have a mining permit.
▪ https://www.africabusinessplus.com/en/806204/canyon-resources-now-expecting-minim-martap-bauxite-capex-of-130m/
According to information gathered by Jeune Afrique Business+, Canyon Resources is now expecting to invest around $130m to develop its bauxite project in Cameroon. This upward revision is among other due to additional costs relating to the railway line’s operation. As a reminder, the firm alluded in our columns in February to a capex of $80m for Minim-Martap.
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