logoBC
Yaoundé - 26 June 2022 -
Mining

Cameroon: 300 new mining sites discovered in 5 regions in 2014-2019 in the framework of World Bank- backed programme Precasem  

Cameroon: 300 new mining sites discovered in 5 regions in 2014-2019 in the framework of World Bank- backed programme Precasem  
  • Comments   -   Monday, 17 June 2019 13:43

(Business in Cameroon) - Between 2014 and 2019, 300 new mining sites were discovered during exploration operations in Cameroon. This was revealed by the minister of mines Dodo Ndocké, during a press conference prior to the Cameroon International Mining Exposition (Cime) that will take place on 2-4 September 2019 in Yaoundé.

These sites were discovered in the East, the West, the North, the Centre and in Adamaoua. The minerals discovered on these sites are extensive. They range from gold, zinc, rare earth, uranium, nickel and rutile to manganese.

The exploration operations were organized in the framework of the project Projet de renforcement des capacités dans le secteur minier (Precasem), funded by the World Bank Group to boost the country’s mining sector. Thanks to that project, in January 2014, the government initiated the airborne geophysical surveying of 160 thousand Km2 in six regions. In addition, on January 24, 2017, Cameroon officially launched a geological mapping and geochemical sampling programme in those regions. The programme was entrusted to three cabinets, BRGM, BEIG3 and GTK namely.

The goal of these projects is to evaluate the country’s actual mining potential. Let’s note that before the Precasem, only 40% of the country’s territory had been checked for mining resources.

Brice R. Mbodiam

afriland-first-bank-cd-shaken-by-internal-conflicts-fueled-by-malpractice-accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
the-port-authority-of-douala-launches-the-container-terminal-renovation
The Port Authority of Douala (PAD) announced it has started works to renovate its container terminal. The project is expected to improve the fluidity and...
mobile-money-tax-revenue-above-target-for-2022
Revenue from the Mobile Money tax in Cameroon stood at CFA7.3 billion between February and May this year, according to data published by the Directorate...
isdb-claims-a-cfa683bln-active-portfolio-in-cameroon
The Islamic Development Bank (IsDB) has an active portfolio of $1.1 billion (about CFA683 billion with current value) in Cameroon. The information...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »