HomeCentral AfricaKorea to build diamond mine in Cameroon

Korea to build diamond mine in Cameroon

Iron ore mining
in Cameroon “’ now
Korea is coming in
to mine diamonds
Paris, France — MININGREVIEW.COM — 20 December 2010 – The government of Cameroon has revealed that a new diamond mine is to be established in the central African country.

The government has approved a plan by South Korea’s C&K Mining to build the diamond mine near the southeastern town of Yakadouma, French news agency Agency France-Presse (AFP) reports.

C&K has been awarded a 25-year licence for the project, the news agency reported, citing the South Korean foreign ministry.

The company will have a 65% stake in the mine, and government of Cameroon will own the rest, AFP said.