Shearman & Sterling has advised Sundance Resources Ltd in connection with the mining convention signed on November 29 by Cam Iron, the Cameroonian subsidiary of Sundance Resources, with the State of Cameroon concerning the Mbalam/Nabeba project.
Located both in Cameroon (Mbalam) and Congo (Nabeba), the project, with a total value estimated over US$4.5 billion, is one of the largest and most complex integrated mining and transportation infrastructure projects in Africa to date. It will include the construction of a deep sea port terminal and 500 km plus railway to transport the iron ore extracted from the mine.
The mining convention sets out the legal, tax, financial terms and conditions under which Cam Iron, the Cameroonian subsidiary of Sundance Resources, will develop and operate its mine, rail and port in Cameroon.
Shearman & Sterling’s Paris- and London-based teams were led by Project Development & Finance partner and head of the firm’s Africa Group, Christophe Asselineau.
