The Mbalam-Nabeba Project
The Mbalam-Nabeba Iron Ore Project straddles the border of the central African countries Cameroon and the Republic of Congo. The project scope will be to mine 35 million tonnes per annum from iron deposits in both Cameroon and Congo, construction of a 510km rail line from the Mbarga mine in Cameroon and a 70km rail spur line connecting the Nabeba mine in Congo dedicated to the transport of iron ore to the Cameroon coast, and the construction of a new deep water iron ore export terminal at Kribi, which will be capable of taking bulk iron ore carriers in size of up to 300,000 DWT.
Stage One will focus on a Direct Shipping Ore Project for a minimum 10 years, with Stage Two then extending the life of the operation by a further 15+ years of production of high-grade Itabirite hematite concentrate. In April 2011, Sundance released the results of the Definitive Feasibility Study for Stage One and the Pre-Feasibility Study for stage two which paves the way for Sundance’s transition from explorer to producer subject to finalising Government approvals and securing appropriate project finance.