【SMM Aluminum Flash News】Cameroon's Minim Martap Bauxite Mine Delays First Delivery

Published: Aug 18, 2026 16:38
Agency Ecofin reported on July 30 that the first delivery of goods from Cameroon's first large-scale bauxite mine, Minim Martap, has been postponed from mid-2026 to the third quarter. With repeated delays, the project's commercial viability and equity structure have faced significant changes. A2MP Investments (holding 55.56% of the shares, affiliated with the Singapore-based Eagle Eye family office), the major shareholder of the project operator, Canyon Resources, released an analysis report on July 29 stating that the project's business model is no longer viable under current market conditions. The average premium of approximately $11/ton set in the original feasibility study is no longer applicable, and a reduction to approximately $5/ton is recommended. The decline in international bauxite prices due to oversupply, coupled with rising shipping rates from West Africa to China (approximately $8/ton), and high logistics, tax, and operating costs, have significantly compressed the project's profit margins.

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