Africa-focused Australian miner Sundance Resources Limited (Sundance) and Australia-based Equatorial Resources (Equatorial) have announced that they have signed a memorandum of understanding to explore the joint use of the rail and port infrastructure associated with Sundance's Mbalam/Nabeba iron ore project in West Africa.
Under the agreement, Sundance will advance its discussions with Equatorial regarding the access to the Mbalam infrastructure by way of direct investment or alternatively by a haulage services agreement. The agreement also covers other opportunities for regional cooperation between the companies.
Sundance plans to transport ore from the Mbalam/Nabeba Project from the deposits in the Republic of Congo and Cameroon via a rail line to the iron ore export terminal at the Port of Lolabe in Cameroon. Both the rail line and the export terminal will be built by Sundance.