Canyon Resources has received approval for a domestic railway facility to increase production capacity at the Minim Martap Bauxite Project. This development will strengthen logistics operations, making bauxite transportation more efficient and bringing the project closer to full production. The new railway facility will be strategically located close to the Makor Railway Station and will seamlessly integrate with existing infrastructure. This positioning will increase supply chain efficiency and streamline operational processes.
New Land Allocation and Investments for Expansion
Canyon Resources’ internal subsidiary Camalco Cameroon has secured 105 hectares of land to support future projects. The allocation from Lamido in Ngaoundere will provide the necessary space to support infrastructure growth and the expansion of the railway. The company has also signed a commitment agreement with Eagle Eye Asset Holdings (EEA) to purchase rolling stock. This agreement will make bauxite transportation more efficient and increase operational capacity.
Logistics and Infrastructure Development Efforts
Canyon Resources continues to develop logistics and infrastructure solutions by advancing feasibility studies. These strategic initiatives of the company aim to reduce risks in the project and streamline operational processes. Bauxite transportation from Minim Martap to the port will become more efficient once the railway facility becomes operational. The railway vehicles will support the bauxite transportation process and contribute greatly to the company’s supply chain.
Canyon CEO and Future Plans
Canyon CEO Jean Sebastien Boutet highlighted the progress on the project, noting the importance of risk reduction. He noted the strong partnerships and government support to accelerate project milestones. Canyon Resources’ ongoing collaborations, particularly with the Cameroonian government and key stakeholders, strengthen the country’s role in the global bauxite market.
Bauxite remains a strategic commodity amidst increasing demand and supply constraints worldwide. With this strategic position, Canyon Resources reinforces its role as a major supplier to global markets.
Leadership Change and the Future of the Company
Canyon Resources is planning a leadership transition in July 2025. Peter Secker will replace Jean Sebastien Boutet as CEO. Secker will oversee the expansion of the project and ensure the smooth execution of the company’s vision. Secker expressed confidence in the company’s ability to maximize its long-term potential as the global significance of the Minim Martap Project grows.
Strategic Initiatives and Local Development
Canyon Resources has formalized its legal framework by signing a mining contract for the Minim Martap Bauxite Project in July 2024. This milestone will enhance operational security and solidify future growth at the project. The company’s expansion efforts will strengthen its presence in the African mining sector. Strong government support and stakeholder collaborations will ensure long-term economic sustainability and local development. Canyon Resources is nearing large-scale production readiness with key approvals.
