IMIC raises Nkout iron resources to 2.7 billion tonnes

Recently, International Mining & Infrastructure Corporation Plc (IMIC) announced its intention to start a feasibility study of the Nkout iron project in South Cameroon by setting the goal to increase production from this ore which is estimated to contain 2.7 billion tonnes.

This update on the Nkout deposit moved the estimated worth from 225 million tonnes to 2.7 billion tonnes with a 68% increase in DSO to 252 Mt at 43.2% iron.

IMIC Chairman, Ethelbert Cooper, characterised the fiscal year that ended in June 30, 2014 as “a transformative year” for the London-based company.