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SDL – Mbalam Iron Ore Rail Line Development – East Province - Project Profile

SDL – Mbalam Iron Ore Rail Line Development – East Province - Project Profile

Synopsis

"SDL – Mbalam Iron Ore Rail Line Development – East Province - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "SDL – Mbalam Iron Ore Rail Line Development – East Province - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Sundance Resources Ltd (SDL) plans to construct the Mbarga Iron Ore Rail Line in Cameroon.

The project involves the laying of 580km rail line of which 510km of rail line will be constructed between Mbarga mine in Cameroon, and the mineral terminal facility at Lolabe and 70km rail spur line will be connect to the Nabeba mine in Congo, and the Cameroon coast to facilitate iron ore transportation from the mine to the port.

The rail line would commence at an elevation of about 600m at the mine, proceed along the level ground for 350m, drops steeply for 100km down to the coastal plain and then travels for 50km to the port.

On November 30, 2012, Sundance signed the Mbalam Convention with the Government outlining the fiscal and legal terms and the conditions to be satisfied for the development and management of the Mbalam Iron Ore Project.

In June 2014, Standard Bank Group has been appointed as financial adviser and Mota-Engil awarded an EPC contract for the project but later in 2015, the contract was terminated.

On August 27, 2015, China Gezhouba Group Co. (CGGC) received the letter of acceptance after it won the bid for the contract. However, the final contract agreement was not signed and is postponed due to unfavorable market conditions.

In the first quarter of 2016, CGGC was pulled out of the project, due to the unfavorable mining conditions.

Aquenta Consulting has been appointed as Lead consultant.

On January 22, 2018, Sundance signed a Memorandum of Understanding (MOU) with Tidfore Heavy Equipment Group Co. Ltd (Tidfore). Under the MOU Sundance will sell 51% of its stake to Tidfore and will be responsible for the construction of an iron ore terminal at Kribi deepwater port.

China Civil Engineering Construction Corporation (CCECC), a subsidiary of the state-owned China Railway Construction Corporation (CRCC) will undertake the rail works.

Sundance along with Tidfore is in negotiations with the Cameroon Government over three-year mine permit extension.

Scope

The project involves the laying of a 580km rail line from Mbarga to Lolabe in the Republic of Cameroon.

The US$2,000 million project includes the following:

1. Construction of 510km rail line linking Mbarga to Lolabe

2. Construction of 70km rail spur line

3. Installation of electric lines along the track

4. Construction of port, railway stations for loading and unloading the iron ore

5. Construction of related infrastructure facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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