Cameroon has significant mineral resources largely under exploited. The contribution of the mining sector (excluding oil) in the GDP is still marginal (less than 1%).
In its (2035) long-term vision, Cameroon intends to join the ranks of emerging countries with a strong industrial and mining sector.
To accelerate industrialization, the country intends in its Growth and Employment Strategy (GESP), to intensify the exploration, exploitation and processing of mineral resources, attracting investors in these activities with high capital and technological intensity.
The exploitation of known future world class deposits will significantly boost this sector.
• The essential of solid mining is confined more or less in the informal sector of artisanal mining.
• No industrial exploitation of mineral substance on which a concession can be signed has yet emerged in Cameroon
• Low dissemination of existing geological potential;
• Lack of geological and mining data :
– Absence of complete and reliable coverage in strategic geochemical and alluvial prospection
– Cartography at 1/500 000 based on obsolete techniques (geochemistry, geochronology, GIS, ferromagnetism…..)
• Low development of basic infrastructure (ports, roads, railways, energy);
• Existence of institutions for the organization and management of the sector (MINIMIDT, IRGM, …) and many more being created (National Mining Corporation, National Geological Service, mining cadastre, mining promotion agency;
• Existence of a renovated legal and regulatory framework (Law of 2010 on the Mining Code supplementing that of 2001);
In this context of Cameroon’s mining strategy is as follows:
Axis 1 : Improving the legal, regulatory and institutional framework (to make it more adapted to the requirements of the current economic and social context)
1. Finalization of the text of applications of the Mining Code
2. Institution of accompanying structures (National Mining Corporation, National Geological Service ….)
3. Finalization and dissemination of the mining policy
4. Capacity building of the sector management structures (human, material and financial Precasem ..)
Gabriel DODO NDOKE
AUDIENCE: Brazilian businessmen at MINMIDT on June 9, 2016
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Gabriel Dodo Ndoke announces the audit of the Noun Food Canning Company with a view to its relaunch
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