Canyon Resources Expands Stake in Camrail to Strengthen Bauxite Logistics
ASX-listed Canyon Resources, through its wholly owned subsidiary Camalco Cameroon, has acquired a 5.3% equity stake in Cameroon’s rail network operator, Camrail, from TotalEnergies Marketing Cameroun (Total Cameroon). The transaction was finalized on March 14, following internal approval from Total Cameroon’s Apex Committee. With this latest acquisition, Camalco now holds a strategic 9.1% stake in Camrail, having previously secured a 3.8% interest from Société d’Exploitation des Bois du Cameroun (SEBC)