Canyon Resources' Cameroon deal to help de-risk bauxite project, says brokerage
10/03/2025 19:46
** Analysts at Edison Investment see Canyon Resources' CAY.AX strategic investment in Camrail as a positive for the Australian firm ** Says investment by Canyon in Cameroon's rail operator will allow the former to exercise more control over the local rail infrastructure upgrade ** The upgrade is required to bring the Minim Martap bauxite project into production ** Another indication of the company’s progress towards commissioning the project and its de-risking, says brokerage ** Brokerage maintains project-level valuation of Minim Martap at $566 mln ** Stock up 33.3% YTD (Reporting by Rishav Chatterjee in Bengaluru) ((Rishav.Chatterjee@thomsonreuters.com;))
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