Camalco Injects CFA9.85 Billion into Camrail, Triples Stake

Camalco has injected CFA9.85 billion in cash into Camrail, nearly tripling its stake in the railway operator and giving the company behind the Minim-Martap bauxite project a larger interest in the transport network expected to carry its future mineral exports. The investment forms part of a CFA16.071 billion recapitalization of Camrail. The railway operator increased its share capital by CFA7.927 billion, or 51.8%, from CFA15.314 billion to CFA23.242 billion. An additional CFA8.143 billion was recorded as share premium. The full CFA16.071 billion, however, does not represent new cash. Confirmed cash accounts for CFA9.852 billion, or 61.3% of the transaction, while the remainder includes an in-kind contribution and the conversion of a shareholder loan. According to the legal notice following an extraordinary general meeting held April 2, 2026, Camrail issued 792,751 new Class B shares with a nominal value of CFA10,000 each. Canyon Resources’ disclosures identify the main source of new cash. The Australian mining company said its ...