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Sundance locks in key terms with Cameroon

SUNDANCE Resources has locked in key terms with the government of the Republic of Cameroon on its proposed Mbalam iron ore project including an initial 25-year mining permit, a 10% free-carried equity interest and a 2.5% royalty fee.

MiningNews.Net

Sundance locks in key terms with Cameroon

However, the government is in talks to buy an increased equity stake of up to 10% on a contributory basis. In respect to the rail and port infrastructure, it has been proposed by Cameroon that ownership...

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