First Shipment Export from Cameroon's Grand-Zambi Iron Ore Mine Project Postponed to August 2025

Published: Jun 4, 2025 18:05

Save

Recently, Cameroonian mining company G-Stones Resources S.A announced that the first shipment of iron ore from the Grand-Zambi iron ore project in the region will be exported by the end of August 2025. This adjustment is approximately three months behind the initial plan set at the beginning of the year, with the original forecast being for exports to commence in June 2025.

The Grand-Zambi iron ore project, located in southern Cameroon, is being mined by G-Stones Resources SA, a mining company controlled by Cameroonian billionaire Dieudonné Bougne. The project holds a 14-year mining license, with mineral resource reserves totaling 150 million mt and an average iron grade of 29.45%. Currently, 600,000 mt of raw ore has been stockpiled at the mine site. The project's iron ore will be exported through the port of Kribi. According to the company's plan, the project aims to export approximately 2 million mt of iron ore annually.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41