Deal #5709

Location #1

Spatial accuracy level
Exact location
Location
Yokadouma, Cameroon

Latitude
3.532133800000001
Longitude
15.049896600000011
Facility name
C & K mining
Target country
Cameroon
Location description
The extraction is done specifically in the Mobilong village

Land area

Intended size (in ha)
23625.0
Size under contract (leased or purchased area, in ha)
[2010, current] 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

Contract #1

Contract date
2010-12-16
Contract expiration date
2035-12-15
Duration of the agreement (in years)
25

Operating company

Comment on investment chain
Originally C&C Mining had an 90% shareholding in the company, and the Cameroon government had 10%. 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

Data source #6

Data source type
Research Paper / Policy Report
File
Publication title
Initiative pour la Transparence dans les industries Extractive au Cameroun
Date
2019

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

Oct. 19, 2019, 4:49 p.m.

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

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

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