Rescuers have found the wreckage of a crashed plane carrying Australian mining tycoon Ken Talbot and 10 other foreigners but there were no survivors, Cameroon's communications minister said.

The plane carrying the entire board of the Sundance Resources mining company went missing over thick jungle on Saturday on a flight from Yaounde, Cameroon's capital, to Yangadou in Congo-Brazzaville.

''The wreckage has been found in Congo. Unfortunately there were no survivors,'' Cameroonian minister Tchiroma Bakary said, adding that he would make a full statement later.

Six Australians, two British, two French and one US national were on the twin turboprop Casa C212 plane, which had been chartered by Sundance.