logoBC
Yaoundé - 03 July 2020 -
Mining

Cameroon : Gold production down 30.4% YoY in H1, 2019

Cameroon : Gold production down 30.4% YoY in H1, 2019
  • Comments   -   Wednesday, 18 December 2019 15:09

(Business in Cameroon) - In H1, 2019, Cameroon produced 224.6 kg of gold, down 30.4% year over year, according to the Ministry of Mines. 45.6 kg of this gold production was transferred to the public treasury.

According to the Ministry of Mines, this decline is due in particular to the departure of some mining operators to neighbouring countries, due to the suspension of mining authorisations, pending the implementation of the new mining code.” In the meantime, the government has implemented the Mining Capacity Building Project (Precasem) to gradually establish a modernized mining cadastre. Thus, 302 mining showings were discovered following airborne geophysical campaigns organized on the national territory.

The decline in production, the ministry explains, has been observable since 2018. During that period, Cameroon's gold production was 448.2 kg, down 37.1% from the 2017 production. The share of production returned to the State by Capam was 141.4 kg of gold compared with 225 kg in 2017. In addition, Capam purchased 24.4 kg of gold on behalf of the State from informal smallholders.

SA

cameroon-validates-a-territorial-communities-development-program-based-on-the-employment-intensive-investment-approach
Cameroon recently validated an integrated national program aimed at developing decentralized territorial communities using the Employment Intensive...
cameroon-the-general-tax-directorate-reminds-taxpayers-of-the-special-mitigation-provisions-in-the-2020-finance-law
The General Tax Directorate (DGI), in a recent note, reminded Cameroonian taxpayers of a tax moderation procedure that will help them clear their tax...
cameroon-prepares-to-officially-resume-flights-after-keeping-borders-closed-over-the-past-three-months
In Cameroon, the government is finalizing a protocol to manage international flights, as the country prepares to resume air transport. This was disclosed...
chinese-firm-cwe-given-60-day-ultimatum-to-deliver-nkolessong-nding-road-in-cameroon-s-central-region
Sixty days. That is how many days Cameroon’s minister of public works (Mintp), Emmanuel Nganou Djoumessi, gave the Chinese firm China International Water...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »