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Cameroon gives S. Korean firm go-ahead for diamond mine
Written by The Standard Tribune   
Friday, 17 December 2010 12:00

Cameroon has approved the application of a South Korean company to mine diamonds in the East region, according to ministry of mines and Korean government sources.

President Paul Biya Thursday issued a license for CK&K Mining to extract diamond from Yokadouma for 25 years.

The mine would be part owned by the state which controls a 35pc stake with the rest controlled by the Korean company.


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