Cameroon
Battle over Nkamouna-Mada cobalt

US-based Phoenix Mining announced in March that it had taken control of the Nkamouna-Mada nickel-cobalt project in Cameroon. But Australian junior Cyclone Metals said in June that it had applied for a licence for the same site. A move that has raised tensions over this coveted deposit. [...]
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Cameroon
Phoenix Mining settles differences with Yaoundé so as to resume cobalt project

The American buyer of the Nkamouna mining project is working to mend fences with its public partner, the SNI, and the Cameroonian authorities, which had been damaged by the previous owner's procrastinations. After an audit by Deloitte, the firm now has to patch things up with the tax authorities and recruit a new management team.

LogoSubscribers only Mining 12.04.2023

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