A&S Resources Secures $6B Rail Financing for $2.5T Iron Ore Deposit
London – September 10, 2026 -- A&S Resources Limited has secured $6 billion in financing from the Export-Import Bank of India (EXIM Bank) to build a 1,350-kilometer railway linking its iron ore deposits in the Central African Republic (CAR) to the deep-water port of Kribi in Cameroon, unlocking access to a resource base valued at approximately $2.5 trillion.
Financing clears the path for a landlocked resource base worth $2.5 trillion
The CAR project sits atop what geologists describe as one of the world's largest magnetic anomalies, with resource potential exceeding 20 billion tonnes of predominantly high-grade iron ore. A&S Resources also holds critical minerals, rare earth elements, copper and other strategic raw materials in the region.