Cameroon bauxite exports have stalled after AFG Bank suspended a US$140 million facility for the Minim Martap mine, with US$75 million already drawn.
CAMEROON · MINING
Key Facts
—The suspension: AFG Bank Cameroon has suspended all new disbursements on a US$140 million syndicated facility agreed in May 2025.
—Already drawn: About US$75 million had been drawn by 31 July 2026, and that money is not being recalled.
—The casualty: Canyon Resources has withdrawn its schedule for Minim Martap, including the target of a first cargo in the fourth quarter of 2026.
The ASX-listed bauxite explorer is slated to provide an update on its Minim Martap come Monday. One investor is watching closely…
Cameroon expects annual mining revenue to top $1.75B, overtaking oil as three iron ore projects absorb $3.1B by 2030. New law…
Cameroon road delays have left three state projects worth US$134 million late, with the public works ministry blaming the…
Cameroon expects mining revenue to exceed $1
The United States is preparing to put up to $1 billion behind a 30-year concession to rehabilitate and operate a key railway in…
The Democratic Republic of Congo has escalated its tax dispute with Glencore by sealing offices at the Kamoto mine, raising fresh…
Canyon Resources to show its hand at bauxite project after low-ball bid
US steps up aggressive mineral push with up to $1 billion backing for DRC copper and cobalt railway
Mota-Engil said to win deal for US-backed Congo copper railway
Central African Republic closes gold mine after collapse kills 49
Gold mine shut in Central African Republic after deadly collapse kills 49
