Mining
Cameroon: Extractive companies' payments reach CFA776bn in 2021, up by 17%
Payments made by companies active in the extractive sector in Cameroon reached CFA776 billion in 2021, according to figures reported by the Extractive...
Camtel claims a 60% increase in sales in 4 years
National Assembly: Ad-Hoc Committee Reveals Close to XAF3 Billion Discrepancy in Accounts
Road construction: CUY Allocates XAF800M for compensation in Yaounde V and VII
Grand Zambi iron ore: G-Stones reportedly ready to start exploitation in the next few months
In his 2023 New Year message to the nation, President Paul Biya promised that some major mining projects would commence operations. In his address, he...
Lobé mining project: Cameroon cancels 127 land deeds, averts new compensation scandal
Minister of State Property Henri Ayébé Ayissi (photo) recently canceled 127 land deeds held by individuals on the Lobé iron ore project site. He notified...
Oil and Gas Outputs Up by 2.2% and 4.5%, respectively, in Q1 2023, YoY
Cameroon produced 8.01 million tons of oil in Q1 2023. According to the SNH, the State oil company, this is 2.2% more than the output recorded in the...
Chinese Tsingshan bids for Mbalam iron output
Chinese Tsingshan International reached a binding Memorandum of Understanding with CCC Mining Group Limited, an associate entity of Bestway Finance on the...
Cameroon: govt grants 5 mining exploration permits to British Technology Minerals
British mining junior Technology Minerals announced this week it has received the validation of 5 exploration permits in Cameroon. These permits, at...
Cameroon: Mining company Sonamines eyes the mineral water sector
Cameroon’s national mining company (Sonamines) is developing a plan to grab some market share in the mineral water sector. Although more details have not...
British Oriole Resources confirms lithium discovery in Cameroon
British mining company Oriole Resources confirmed this week the discovery of lithium pegmatites in the Adamaoua and Littoral regions of...
Cameroon cuts diamond and gold export duties by 50% to control illegal exits
The Cameroonian government, in its 2023 Finance Act, announced it is cutting diamond and gold export duties by 50%. The fees will now be 5% of the FOB...
Cameroon: Mining and quarrying revenues shrunk 95% YoY in 2020 (official data)
Budgetary revenues from the exploitation of mines and industrial quarries in Cameroon dropped drastically from CFA12.2 billion in 2019 to only CFA630...
Sundance Resources demands CFA3,400bn from Cameroon govt in Mbalam iron deposit dispute
Australian mining company Sundance Resources sent a memorial of claim to the ICC International Court of Arbitration demanding $5.5 billion...
Sonamines collected CFA3bn+ worth of gold in 2022
Cameroon’s mining company Sonamines has collected 175 kg of gold for a total value of CFA3.2 billion since the beginning of the year, Minister Gabriel...
Cameroon: Sundance Resources sues govt over Mbalam Iron permit, again
Australian mining junior, Sundance Resources, has taken a new legal action against the Cameroonian government. The dispute is over the Mbalam Iron permit,...
Cameroon: Sonamines uses Namibia and DRC models to fight gold smuggling
Cameroon's national mining company (Sonamines) announced a plan to tackle gold smuggling based on the models used in Namibia and DR Congo. The company...
Cameron: Mira SA plans to build a cement clinker factory in the North region
Cement manufacturer Mira SA will soon launch the construction of an industrial complex in the North region of Cameroon. Reliable sources revealed that the...
SNH denies any involvement in the Glencore bribery case
The Cameroonian national oil and gas corporation (SNH) denied any involvement in the Glencore corruption case. While the Anglo-Swiss trader has admitted...
Mbalam iron project: Paul Biya refuses to pay fine, calls for arbitration
Negotiations between Cameroon and Sundance Resources (and its local subsidiary Cam Iron SA), which began in the second half of 2021, for an amicable...
Mbalam-Nabeba project: the five Chinese firms eying the exploitation component revealed
In the framework of the Mbalam-Nabeba iron ore development project, Cameroon’s National Mining Company (Sonamines) will be in charge of the mining...
Ngaoundal-Makan bauxite: Canyon Resources obtains a 2-year extension of its research permits
Mines Minister Gabriel Dodo Ndoké has renewed Canyon Resources’ exploration permit on the Ngaoundal and Makan bauxite deposits for a 2-year nonrenewable...
Mbalam ore: AutSino and Bestway get closer to taking over Sundance’s mining assets
Cameroon signed, on June 25, 2021, a memorandum of Understanding (MoU) with AustSino and Bestway Finance Ltd for the construction of over 500 kilometers...
Bauxite: Sonamines partners with CREC 5 to develop the Ngaoundal and Makan deposits
Cameroon’s National Mining Company (Sonamines), through its Director-General Serge Boyogueno, signed on 18 February 2022, a memorandum of understanding...
Cameroon: Akonolinga rutile deposit to enter exploitation phase in 2025
The Akonolinga rutile mine, in Central Cameroon, will enter its exploitation phase in 2025. This was revealed after a meeting between Cameroon’s Mines...
Oil and gas: Cameroon updates conditions for special income tax exemptions
In its 2022 finance law, Cameroon has updated the conditions required for oil contract holders at their research and development stage and their foreign...
Cameroon: Caminco negotiates mining agreement for three goldmines in the East
Cameroon, and exploration and mining firm Caminco are currently negotiating a mining agreement for the Mborguéné, Bétaré Oya and Garoua Boulaï goldmines...
Cameroon: SONAMINES lists its achievements and growth plans, a year after its creation
The National Mining Corporation (SONAMINES) officially created on December 14, 2020, has already submitted quarry exploitation permits and two exploration...
Extractive industries: Firms paid XAF908.28 bln to state and institutions in 2019, up 18.9% YoY
In 2019, extractive companies paid XAF908.28 billion to the State and its institutions. This was revealed by the EITI committee in Cameroon’s 2019...
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