logoBC
Yaoundé - 21 January 2022 -
Mining

Cameroon: Cimencam to soon obtain mining agreements for the exploitation of two marble quarries in the North

Cameroon: Cimencam to soon obtain mining agreements for the exploitation of two marble quarries in the North
  • Comments   -   Wednesday, 01 December 2021 14:13

(Business in Cameroon) - CIMENCAM and the State of Cameroon will soon sign two mining agreements for the exploitation of the Bidzar and Biou marble quarries in Figuil, North Cameroon, Minister of Mines Gabriel Dodo Ndoke reveals.

Two mining agreements -the last step before the attribution of exploitation permits- have been negotiated and will be signed in the next few days by the State of Cameroon and Cimecam for the exploitation of two marble quarries in Bidzar and Biou Figuil, North” Cameroon, the official told the parliament on November 30, 2021.

The official did not provide additional information but the Bidzar reserve has an estimated reserve of 2.5 million tons with continuity in Biou. For over forty years, it was exploited by French company Rocaglia, which left in 2010. In 2012, CIMENCAM obtained a research permit covering the deposit to meet its operational needs.

CIMENCAM has three shareholders. The notable ones are Lafargeholcim Maroc Afrique (55% stake), National Investment Corporation SNI (43% stake). The remaining 2% is owned by employees. With a capital of XAF14.5 billion, the cement producer claims a workforce of 320 employees, an integrated cement plant in Figuil, two grinding stations in Bonabéri (Douala) and Nomayos (Yaoundé), and a concrete plant in Olembé (Yaoundé).

Sylvain Andzongo

cameroon-to-disburse-xaf3-7-bln-to-settle-part-of-pamol-plantations-salary-arrears-and-social-debts
The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees.  Indeed,...
cameroon-new-agribusiness-firm-cfc-increases-capital-4-folds-to-xaf10-bln
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
promote-2022-afriland-first-bank-commits-to-sponsoring-20-smes
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
sabc-group-inaugurates-new-research-and-development-laboratory
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun