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Congo, Cameroon Form Committee to Manage Mbalam Iron-Ore Deposit

Oct. 1 (Bloomberg) -- The Republic of Congo and Cameroon established a joint committee to manage mineral deposits that straddle the border between the two Central African countries, the Mines and Geology Ministry said.

“The two parties agreed to collaborate and work together to remove all obstacles that may delay or compromise the achievement of this project,” according to a statement handed to reporters in the Congolese capital, Brazzaville, on Sept. 27. The statement was signed by Congo Mines Minister Pierre Oba and Louis-Paul Motaze, general secretary in the Cameroonian prime minister’s office.

Sundance Resources Ltd. of Australia owns the Mbalam iron-ore project that plans to produce 35 million metric tons of the metal annually. It also plans to build a 510-kilometer (317-mile) railway linking the Mbarga mine in Cameroon and the Nabeba mine in Congo to the coast of Cameroon, as well as a deep-water iron-ore export terminal, according to its website.

To contact the reporter on this story: Robert Mbakouo in Brazzaville via Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson in Nairobi at pmrichardson@bloomberg.net.

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