Deal #5709

Location #1

Spatial accuracy level
Coordinates
Location
Mboy, Cameroon

Latitude
3.316666667
Longitude
15.5
Target country
Cameroon
Comment on location
southeast of the West African country.Coordinates from contract.

Land area

Size under contract (leased or purchased area, in ha)
[2010] 23625
Comment on land area
236.25 square kilometers

Intention of investment

Intention of the investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)

Implementation status

Implementation status
[2013] In operation (production)

Contract farming

Contract farming
No

Operating company

Comment on investment chain
Originally C&C Mining had an 80% shareholding in the company, and the Cameroon government had 20%. C&K Mining sold the majority of its assets in the mining project to Mr. Yang, a Chinese billionaire residing in Hong Kong who is allegedly the holder of an American passport. C&C Mining now only control “less than 10%".

 

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Data source #1

Data source type
Media report
File
Date
2009-06-26
Comment on data source
Cameroon to become significant diamond exporter

Data source #2

Data source type
Media report
File
Date
2013-01-22
Comment on data source
Reuters- Cameroon to launch first industrial diamond mine this month

Data source #3

Data source type
Research Paper / Policy Report
File
Comment on data source
MONITORING LOCAL CONTENT AND FISCAL OBLIGATIONS OF MINING COMPANIES IN CAMEROON: Case of the DIAMOND MINING PROJECT of Cameroon and Korea Mining Incorporation MOBILONG, EAST CAMEROON

Data source #4

Data source type
Media report
File
Date
2014-11-26
Comment on data source
Cameroon: C&K Mining sells assets in Mobilong diamond mining to Chinese-American investor

Data source #5

Data source type
Contract
File

Detailed crop, animal and mineral information

Resources area
Diamonds

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
"C&K Mining Inc. will process fifteen percent (15%) of the production of diamond extracted in Cameroon"

Water extraction envisaged

Water extraction envisaged
Yes

May 14, 2018, 9:38 p.m.

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Oct. 13, 2017, 2:47 p.m.

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