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Mining Weekly reported Sundance Resources (ASX:SDL) recent agreement with Cameroon regarding iron ore mining will help the country develop more infrastructure.
Mining Weekly reported Sundance Resources (ASX:SDL) recent agreement with Cameroon regarding iron ore mining will help the country develop more infrastructure.
As quoted in the market news:
A recent agreement between iron-ore producer Sun- dance Resources and the government of Cameroon regarding key terms underpinning the Mbalam iron-ore project convention will also serve to promote extensive development of rail and port infrastructure in Cameroon and may thus encourage investment into the region.
The convention aims to describe the fiscal, legal and technical conditions under which the mining licence for the project is issued, as well as the conditions surrounding the development of supporting rail and port infrastructure.