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Export-Import Bank of India

A&S Resources Secures $6B Rail Financing for $2.5T Iron Ore Project

LONDON – September 09, 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-km railway linking its mineral assets in the Central African Republic (CAR) to international export markets via Cameroon.

Railway will connect landlocked CAR to Cameroon's Kribi deep-water port

The dual-track, heavy-cargo railway is designed to carry 250,000 tonnes of freight per day, with capacity expandable to 300,000 tonnes. It removes a critical infrastructure bottleneck that has constrained mining development in CAR, a landlocked nation with no direct rail access to seaborne export routes.

A&S Resources Secures $6B EXIM Bank Funding for CAR-Cameroon Railway

London – September 09, 2026 -- A&S Resources Limited has secured $6 billion in financing from the Export-Import Bank of India to build a 1,350km railway linking its Central African Republic mineral assets to the deep-water Port of Kribi in Cameroon, unlocking an iron ore deposit valued at approximately $2.5 trillion.

Railway financing clears path to 20 billion tonnes of high-grade iron ore

The CAR project sits atop what geologists describe as one of the largest magnetic anomalies globally, with resource potential exceeding 20 billion tonnes of predominantly high-grade iron ore. A&S Resources also holds critical minerals, rare earth elements and copper deposits across the region, positioning the project as a multi-commodity supply source beyond iron ore alone.