Aquenta was engaged by Sundance Resources to provide contract services as an integrated part of the Mbalam-Nabeba Iron Ore Project Team. Based in the Sundance Perth office, Aquenta performed the contract documentation, tendering, adjudication and negotiation of the major EPC packages for the Port, Rail and Mine Processing Plants. Based on FIDIC Yellow Book, key features of the contracts included alignment with the respective Congo and Cameroonian mining conventions, working in extremely remote, ecologically and socially sensitive areas and working in multiple jurisdictions. An overriding requirement was that the executed contracts were “bankable” for the purposes of securing debt finance.
Aquenta further assisted in developing the project controls framework, preparing the Project Execution Plan and support to the Project Finance Team.
Tender Documentation Preparation, Tender Evaluation and Review, Contract Documentation Preparation and Negotiation, Contract Management, Project Controls, Risk Assessments and Risk Management, Value Engineering and Option Evaluation and Planning and Interface Management.
Sundance Resources, through their subsidiaries, CamIron and CongoIron, successfully executed a $USD3.5B EPC contract for the Port and Rail works. A Front End Engineering and Design Contract was awarded for the Mine Process Plants.
The project is progressing to execution, but has encountered funding issues in 2015 associated with the collapse in the iron ore price.
Image courtesy of Sundance Resources