Cameroon Pages  - Listing Details

Geovic Mining Corp: Cobalt Mining Company in Cameroon

Preview: Geovic Mining Corp: Cobalt Mining Company in Cameroon
Title:Geovic Mining Corp: Cobalt Mining Company in Cameroon »

Geovic Mining Ltd. (Geovic) aims to be the world’s largest cobalt mining company through its 60% ownership of Geovic Cameroon PLC (GeoCam). GeoCam’s Mine Permit covers 1,250 square kilometers in Cameroon, Africa, and provides exclusive production rights to seven large cobalt-nickel-manganese deposits. The first and second of the seven deposits, Nkamouna (pronounced ka-moon-ah) and Mada (directly adjacent to Nkamouna), are currently under development.
Nkamouna’s proven and probable ore reserves are 54.7 million tonnes at average grades of 0.25% cobalt, 0.69% nickel, and 1.33% manganese. This reserve yields 11.7 million tonnes of concentrates grading 0.74% cobalt, 0.99% nickel, and 3.78% manganese suitable as a feedstock for the Company’s unique processing facility. Additionally, GeoCam has 323 million tonnes of inferred resources at Nkamouna and Mada with grades of 0.21% cobalt, 0.61% nickel, and 1.25% manganese. Total measured and indicated resources increased by 97% due to the 2008-09 drilling program, with updated proven and probably reserves expected to be completed in the first quarter of 2010.

Category:Companies: Mining and Drilling
Link Owner:Geovic Mining Corporation
Date Added:November 26, 2009 12:44:52 AM
Address:1200 17th Street, Suite 980
City:Denver, CO 80202
Zip Code:N/A
Phone Number:Telephone: 237.2221.4518 Fax: 237.2221.1802
Not yet reviewed. You can be the FIRST one to write a review

Our Partners
Free Local Classified Ads in United States, Canada, UK and Ireland, Germany, India, Pakistan and South Africa   International Business Community   Free Local Classified Ads in Africa, Asia, Oceania, America and Europa   AfricanPAGES: African Business Directory by Country