Cameroon Mining Action has appointed Wood to manage the Ngovayang iron project, a $800 million venture. Wood will oversee mine design and engineering services, including a processing plant and a concentrate pipeline. With an estimated 300 million tons of iron ore, this project aims to support Cameroon’s growing mining industry and meet increasing global demand for iron ore.
Cameroon Mining Action (Camina) has engaged Wood for an engineering contract on the Ngovayang iron ore project, a significant development valued at $800 million. Wood is tasked with providing comprehensive engineering and mine design services crucial for the project’s success. This role is critical as the project is intended to enhance the region’s mining efficiency and output.
The Ngovayang iron ore project is expected to play a pivotal role in developing Cameroon’s mining landscape. The area is estimated to contain 300 million tons of iron ore, with exploration potentially revealing further reserves. The iron ore market is anticipated to grow substantially, reaching $400 billion by 2032, which drives the importance of projects like this for economic growth and energy transition.
In summary, the partnership between Camina and Wood on the Ngovayang iron ore project demonstrates a commitment to advancing mining capabilities in Cameroon. The establishment of a processing plant capable of producing 7.2 million tons annually will bolster the local economy while contributing to the global iron ore supply. The project’s completion by Q2 2025 positions it as a timely response to market demands.
Original Source: energycapitalpower.com
