Cameroon finds 550m tonnes of bauxite 

(MENAFN - The Peninsula) Cameroon Alumina Ltd has found 550 million tonnes of bauxite deposits at the Ngaoundal and Minim-Martap properties in the country's Adamawa region, a company official said.

Cameroon Alumina Ltd is a joint venture set up in 2008 by Dubai Aluminium Company Ltd and India's Hindalco Industries which each have a 45 percent stake, along with US firm Hydromine Inc. which holds the remaining interest.

"We've found a minimum of 550 million tonnes of bauxite reserves and all indications are that there may be another 200 million tonnes at least," company co-chair Peter Briger said on Thursday after presenting an update to government officials.

"The bauxite is first class quality. It is not terribly deep in the ground," he said.