Ngovayang is an iron ore mining site in the department of Océan, South Region, Cameroon. It is controlled by the Indian company Jindal Steel and Power.

History

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In November 2013, the Australian company Legend Mining sold the Ngovayang exploitation to the Indian company Jindal Steel and Power.[1] The deal was sealed in August 2014.[2][3]

Transport

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The Ngovayang mining lease straddles the main metre gauge Cameroon Railways.

Ports

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The port of Douala on the existing metre gauge line has draft of only 8.5m, whereas the proposed more southerly port of Kribi has a draft of 20m, assuming that it were available on an open access basis. Indeed, an agreement was signed between Sundance Resources and Legend Mining to this effect.[4]

See also

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References

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  1. ^ "Cameroun : Legend Mining Ltd laisse filer le projet Ngovayang". Financialafrik.com (in French). 21 November 2013. Retrieved 28 December 2017.
  2. ^ "Cameroun: le fer de Ngovayang est désormais aux mains du géant indien Jindal Steel". Investiraucameroun.com (in French). 7 August 2014. Retrieved 28 December 2017.
  3. ^ "Cameroon Project (SOLD)". Legendmining.com. Retrieved 28 December 2017.
  4. ^ "Hammerson retains caution as interims show improvement". 2 August 2010.

3°15′0″N 10°37′0″E / 3.25000°N 10.61667°E / 3.25000; 10.61667