Wreckage of Plane Carrying Execs Found

Last Updated 2:31 p.m. ET

Cameroon's government spokesman said search teams have found the wreckage of a small plane carrying top executives of an Australian mining firm that disappeared over the weekend.

Spokesman Issa Tchiroma Bakary said the missing plane was found Monday afternoon in dense jungle inside Republic of Congo.

No survivors were found.

The aircraft, chartered by Australian company Sundance Resources Ltd., went missing Saturday half an hour after it left Cameroon's capital, Yaounde, en route for Yangadou in Republic of Congo to visit an iron ore mining site, Cameroon's government said.

Eleven people had been aboard, including six Australians, two French, an American and two Britons.

Republic of Congo is located in central Africa and is often overshadowed by its much larger neighbor, Congo.

A statement from the company this weekend said those aboard included Geoff Wedlock, chairman for Sundance Resources, and Don Lewis, the company's CEO.

"All operations at site have been suspended, with all in-country resources dedicated to this search and rescue effort," the company said in its statement.

Sundance executives had been in Cameroon in recent days to meet with officials about the company's Mbalam project, which could earn the West African country billions of dollars over 25 years, according to the Cameroon official.

Sundance has a 90 percent stake in Cameroon Iron Ore Company (Camiron S.A.) which owns more than 1,000 square miles of fields with estimated reserves of 2.2 million tons of mineral resources.

Although Camiron S.A. authorities declined to officially comment on the incident, the company is holding an emergency meeting at its headquarters in Yaounde.