Tag Archives: iron deposit

Cameroon: Chinese firm granted license to exploit iron deposit

Cameroon: Chinese firm granted license to exploit iron deposit

Cameroonian authorities have granted the Chinese mining giant Sinosteel Corporation, the very first license to exploit an iron deposit, indicates a document signed by President Paul Biya. According to the document, the Chinese firm will have to pay the State FCFA 22.9 billion in annual revenues. Cameroon is paving the …

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