Mobilong diamond mine

Last updated
Mobilong mine
Location
Location Yokadouma
Region East Region
Country Cameroon
Production
Products diamond

The Mobilong mine is a diamond deposit in the East Region of Cameroon. [1]

In December 2010, the resource was reported to the Korean stock exchange as being 736 million carats. [2] In 2013, the resource was estimated to have reserves of 416 million carats of diamonds and an annual production capacity of 0.8 million carats. It was owned by C&K Mining, a joint venture between Cameroon and the South Korean state. [1] The adjustment led to legal action in Korea relating to manipulating the stock market. In 2014, a majority interest was sold to a Chinese-American investor. [2]

The deposit was reported to be under revaluation in 2016 to determine exactly what is in it. [3]

Mobilong appears to be one of many failed mining ventures in Cameroon. It got further than most by having a camp and some mining equipment on site. [4]

References

  1. 1 2 "Cameroon to launch first industrial diamond mine". Mail & Guardian . 23 January 2013. Retrieved 2013-07-03.
  2. 1 2 "Cameroon: C&K Mining sells assets in Mobilong diamond mining to Chinese-American investor". Business in Cameroon. 26 November 2014. Retrieved 16 July 2019.
  3. ↑ Brice R. Mbodiam (16 May 2016). "Cameroon: the revaluation of the potential of the Mobilong diamond deposit has started". Mail & Guardian . Retrieved 2013-07-03.
  4. ↑ Freudenthal, Emmanuel (14 March 2016). "Virtual mining in Cameroon: How to make a fortune by failing". African Arguments. Royal African Society . Retrieved 16 July 2019.


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