The Mobilong mine is a diamond deposit in the East Region of Cameroon.[1]
| Location | |
|---|---|
| Location | Yokadouma |
| Region | East Region |
| Country | Cameroon |
| Production | |
| Products | diamond |
In December 2010, the resource was reported to the Korean stock exchange as being 736 million carats.[2] In 2013, the resource was estimated to have reserves of 416 million carats of diamonds and an annual production capacity of 0.8 million carats. It was owned by C&K Mining, a joint venture between Cameroon and the South Korean state.[1] The adjustment led to legal action in Korea relating to manipulating the stock market. In 2014, a majority interest was sold to a Chinese-American investor.[2]
The deposit was reported to be under revaluation in 2016 to determine exactly what is in it.[3]
Mobilong appears to be one of many failed mining ventures in Cameroon. It got further than most by having a camp and some mining equipment on site.[4]
References
edit- ^ a b "Cameroon to launch first industrial diamond mine". Mail & Guardian. 23 January 2013. Retrieved 2013-07-03.
- ^ a b "Cameroon: C&K Mining sells assets in Mobilong diamond mining to Chinese-American investor". Business in Cameroon. 26 November 2014. Retrieved 16 July 2019.
- ^ Brice R. Mbodiam (16 May 2016). "Cameroon: the revaluation of the potential of the Mobilong diamond deposit has started". Mail & Guardian. Retrieved 2013-07-03.
- ^ Freudenthal, Emmanuel (14 March 2016). "Virtual mining in Cameroon: How to make a fortune by failing". African Arguments. Royal African Society. Retrieved 16 July 2019.