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which makes a difference. And we now
have a bankable project in hands.
“It’s a pretty simple surface mining op-
eration. No water or washing involved. It’s
not crushing, it’s more about the mineral
sizing to avoid the oversize. A simple train
loading station, ship it direct to the port…
then the product is ready to go to anywhere
in the world.”
Workers at the Minim Martap project are part of a new opportunity for Cameroon’s While global bauxite production is on
burgeoning mining industry to achieve success
track for growth, Indonesian President
Joko Widodo’s decision to halt exports
difference is Cameroon doesn’t have any The mining permit is a natural next step, it’s
mining industry yet. It’s all projects, there’s just a matter of time.” poses a potential problem for supply.
no mine in operation, so Canyon would be Logistics to mine and export from Came- Boutet said putting a pulse on the near-
the first one. There is a difference in terms roon also received a boost in May after the term bauxite industry was “difficult” but ex-
of knowledge and experience in mining, EU pledged €123 million to upgrade parts pected Indonesia’s actions to pose an ele-
but the two countries are similar and have of the rail network which run alongside ment of uncertainty.
rich natural resources.” Minim Martap and haven’t been renovated “Indonesia supply around 20mt of baux-
The first on Canyon’s to-do list is to sign since 1974. ite to the market and [Widodo] said he
a mining convention. Boutet said recent and future upgrades would stop exports by the end of the year,”
“First there will be financing, then con- to the rail network will vastly improve pro- he said. “There’s 20mt there that could dis-
struction,” Boutet said, following a recent ject fundamentals. appear in the short term…that could create
$5 million placement by Canyon. “I have a “What has changed since the PFS is the some additional demand in the market.”
meeting lined up with key official leaders in rail upgrade. Instead of shipping 5 mtpa, – Fraser Palamara
Cameroon and believe Q3 is very likely to we’re about to ship 6.4 mtpa,” he said. “We
see the execution of the mining convention. can load a heavier, longer and faster train

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