(Business in Cameroon) - The reasons for the creation, in December 2014, of the Cameroon Steel Manufacturing Company by Cameroonian industrialist Dieudonné Bougne, CEO of the Bocom group (distribution of oil products, industrial waste treatment ...), are now known. During a site visit by the Minister of Mines in Fifinda, the CEO of Bocom revealed that he would soon build a steel-producing complex in this South Cameroon town.

This complex, we learned, will include a mine, an iron enrichment unit as well as an estate for employees. The Bocom group, which could thus become the first investor to develop industrial mining in Cameroon, says that it wants to exploit the potential of the iron deposit located in Akom II, close to Fifinda, where Cameroon Steel Manufacturing Company intends to establish its base.

Though he did not reveal the amount of the investment to be made in Fifinda nnor the partners involved in this project, the CEO of the Bocom group however indicated that the profits accrued after the implementation of this project will enable his group to finance other projects currently being refined.

The Akom II iron could become the very first to be exploited in the country, while awaiting operation on the Kribi Mamelles deposit (Southern region) by Chinese Sinosteel; the Mbalam iron, in the Eastern region by Australian Sundance Ressources; or the Nkout iron deposit, in the South by British IMIC.

Brice R. Mbodiam