Geovic Mining Corporation - Boss Assures PM Inoni

Mon. April 20, 2009; Posted: 11:48 AM

Apr 20, 2009 (Cameroon Tribune/All Africa Global Media via COMTEX) -- GVCM | Quote | Chart | News | PowerRating -- The Chief Executive Officer of Geovic Mining Corporation, John E. Sherborne, the company whose local branch Geovic Cameroon would have to exploit the cobalt and nickel deposits in and around Lomie in the east of Cameroon, briefed Prime Minister Ephraim Inoni on programmes underway in the project.

"Our audience with the Prime Minister was to brief him on the programmes underway right now and to assure him that we are moving ahead and doing the best we can", John E. Sherborne said and added "a lot of mining projects in the world have been slowed almost completely because of the global financial crisis and we want to assure the Prime Minister that this is not the case with us". He was accompanied to the Star Building by the Managing Director of Geovic Cameroon, Richard Hawe.

The Geovic Mining Corporation boss, in an interview after the audience, said they have been carrying out a drilling programme and samples of the minerals have been collected, processed at the field sites before sending them to the laboratory for the confirmation of their quality. He further disclosed that within the next four to five months the analytical work of the minerals samples must have been done, after which they would put the results of the studies together to "look for the feasibility of the satisfaction of the project".

Once this phase of the project is completed, it will take about two years to get the mining exploitation go operational, Mr Sherborne said. Geovic Cameroon is also currently felling trees on the site that would be used to construct offices and other structures.

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