Ngovayang
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
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
The Ngovayang mining lease straddles the main metre gauge Cameroon Railways.
Ports
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]
References
- "Cameroun : Legend Mining Ltd laisse filer le projet Ngovayang". Financialafrik.com (in French). 21 November 2013. Retrieved 28 December 2017.
- "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.
- "Cameroon Project (SOLD)". Legendmining.com. Retrieved 28 December 2017.
- http://www.proactiveinvestors.com.au/companies/news/16215/legend-mining-receives-assay-results-from-ngovayang-project-in-west-africa-16215.html
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