Caminex Incorporated, a 100 percent-owned subsidiary of British mineral exploration and development company Afferro Mining, has stated that prospective reserves at its Nkout iron ore project in southern Cameroon are now estimated at 4 billion mt, with an expected mining life of 50-70 years.
The Nkout deposit is located around 27 kilometers from Djoum in southern Cameroon. Potential reserves had previously been estimated at 1.4 billion mt, with 33 percent consisting of premium grade iron ore. Nkout is now expected to be the largest iron ore mine in Cameroon, ahead of the Mbalam iron ore project of Australian miner Sundance Resources.