South: Over 258 billion FCFA to be invested in iron ore mining project
Thousands of direct and indirect jobs are expected to be created around Kribi in the South region, as mining company SINOSTEEL, gears towards the start of a 25-year project.
The acting Minister of Mines, Industries, and Technological Development, Prof. Calistus Gentry Fuh, paid a working visit to the project site situated between Campo, Lokoundje, and Kribi, where he revealed how the activities will unfold.
“There will be an open pit mine, there will be the installation of the enrichment plant that will treat the iron ore, and then the infrastructure and road that will carry the iron ore to the seaport,” the Minister said.
He urged local authorities to sensitize the population to collaborate with the government, for the realization of the project.
He said they had deliberations regarding a number of social issues, including “the compensation for those who had landed property which is covered by the project”.
For the 25 years that the project is expected to run, over 600 million tons of iron ore will be exploited with an investment estimated at more than 258 billion FCFA. The project will effectively kick off in December 2023.
