Sinosteel to invest $700 mln in Cameroon iron ore project

China's Sinosteel is to invest $700 million in the Lobi iron ore project in Cameroon on the west coast of Central Africa.

The Lobi iron ore project, which is in the Kribi area in the southwest of the country, has an estimated resource of about 600-630 million tonnes of low-impurity magnetite. 

Published

Paul Lim

May 10, 2022

08:58 GMT

Singapore