Nkamouna Cobalt, Nickel and Manganese Project, Cameroon

Geovic hold 60% Of Geovic Cameroon which owns the Nkamouna cobalt/nickel/manganese project in Cameroon, Central Africa. The company has secured all but one of the permits needed to build the mine. The government of Cameroon is very keen to initiate a mining industry in the country. They hope to start construction on what may be the world's biggest primary cobalt mine. The project will involve the development of an openpit mine using hydraulic shovels and excavators and 54 t trucks as the primary mining equipment. The feasibility study estimated approximately $617 million of initial capital costs, including contingencies, to construct and start-up the Nkamouna Project.