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Yaoundé - 02 April 2020 -

Mining


bowleven-to-hand-back-its-bomono-block-exploration-license-to-cameroon

Bowleven to hand back its Bomono block exploration license to Cameroon

British oil and Gas company Bowleven plans to hand back its exploration license on the 2,328 km2 Bomono gas block, onshore Cameroon, to Cameroonian...
minim-martap-and-ngaoundal-bauxite-deposits-new-estimates-could-make-them-the-largest-deposits-in-the-world
Tuesday 18 February 2020Mining

Minim-Martap and Ngaoundal bauxite deposits: New estimates could make them the largest deposits in the world

Australian junior mining company Canyon Resources recently delivered the first results of the final exploration phase (launched in September 2018) of...
minim-martap-bauxite-deposit-canyon-resources-announces-launch-of-exploitation-for-2022
Friday 14 February 2020Mining

Minim-Martap bauxite deposit : Canyon Resources announces launch of exploitation for 2022

In 2022, the exploitation of the Minim-Martap bauxite deposit in Northern Cameroon, which has been awaited for several decades, could start. This is at...
snh-launches-tender-process-for-feasibility-studies-of-the-3d-seismic-acquisition-on-the-onshore-douala-kribi-campo-basin
Monday 27 January 2020Mining

SNH launches tender process for feasibility studies of the 3D seismic acquisition on the Onshore Douala/Kribi-Campo Basin

In Cameroon, SNH, the national hydrocarbons agency, has just launched an open international bidding process for the feasibility study of the 3D seismic...
about-5-000-carats-of-diamonds-are-produced-along-the-cameroon-car-border-every-year-kimberley-process
Friday 10 January 2020Mining

About 5,000 carats of diamonds are produced along the Cameroon-CAR border every year (Kimberley process)

According to Daniel Mackaire Eloung Nna, Permanent Secretary of the Kimberley Process National Monitoring Secretariat, artisanal miners along the border...
cameroon-exported-a-little-over-654-carats-of-diamonds-in-2019-kimberley-process
Monday 6 January 2020Mining

Cameroon exported a little over 654 carats of diamonds in 2019 (Kimberley Process)

In 2019, artisanal miners operating in Cameroon exported 654.6 carats of diamonds, according to the National Permanent Secretariat for the Kimberley...
cemac-oil-and-mining-companies-allowed-up-to-dec-31-2020-to-comply-with-new-foreign-exchange-regulation
Friday 27 December 2019Mining

CEMAC : Oil and mining companies allowed up to Dec 31, 2020, to comply with new foreign exchange regulation

After many consultations, BEAC, the central bank of CEMAC countries, has decided to extend the deadline set for oil and mining companies to comply with...
cameroon-gold-production-down-30-4-yoy-in-h1-2019
Wednesday 18 December 2019Mining

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

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...
rutile-mining-french-eramet-obtains-research-permit-for-akonolinga-rutile-block-about-500-000-tons
Wednesday 4 December 2019Mining

Rutile Mining : French Eramet obtains research permit for Akonolinga rutile block (about 500,000 tons)

In Cameroon, the Minister of Mines, Gabriel Dodo Ndoke, signed on behalf of the government, the contractual arrangements for the research work of Eramet...
local-company-codias-to-develop-cameroon-s-first-industrial-gold-mine
Wednesday 4 December 2019Mining

Local company Codias to develop Cameroon’s first industrial gold mine

On November 29, 2019, in Yaoundé, the Minister of Mines, Gabriel Dodo Ndoke (photo, with striped tie), signed an exploitation agreement with Codias S.A...
oil-gas-cameroon-lost-xaf314-billion-of-revenues-in-2017
Tuesday 12 November 2019Mining

Oil & gas: Cameroon lost XAF314 billion of revenues in 2017

In 2017, the Cameroonian public treasury lost at least XAF314.6 billion of revenues in the hydrocarbon sector, according to a report published by the...
pricing-environment-unfavorable-this-year-for-metals-exported-by-cemac-countries-beac
Tuesday 29 October 2019Mining

Pricing environment unfavorable, this year, for metals exported by CEMAC countries (BEAC)

This year, the pricing environment has not been favorable for metals exported by the six CEMAC countries (Cameroon, Gabon, Congo, Equatorial Guinea, Chad...
cameroon-sundance-resources-expects-a-new-agreement-on-mbalam-iron-project-before-end-june-2020
Tuesday 22 October 2019Mining

Cameroon: Sundance Resources expects a new agreement on Mbalam iron project before end June 2020

The deadline for the finalization of Australian junior mining companies Sundance Resources and AustSino’s investment agreement on Mbalam iron project, in...
cameroon-prohibits-semi-mechanized-small-scale-mining-operations-at-riverbeds
Monday 2 September 2019Mining

Cameroon prohibits semi-mechanized small-scale mining operations at riverbeds

On August 28, 2019, Cameroon’s Minister of Industry, Mines and Technological Development, Gabriel Dodo Ndoke, signed a decision prohibiting...
cameroon-an-underexplored-but-highly-prospective-country-in-the-mining-sector-says-oriole-resources-ceo-tim-livesey
Thursday 29 August 2019Mining

Cameroon : “an underexplored but highly prospective country” in the mining sector, says Oriole Resources CEO Tim Livesey

"The first half of 2019 has seen significant activity across the group (…) We are expanding our position in Cameroon to build on our success to date in...
american-geovic-promises-xaf235-bln-of-investment-in-its-nickel-cobalt-manganese-project-in-cameroon
Friday 26 July 2019Mining

American Geovic promises XAF235 bln of investment in its nickel-cobalt-manganese project in Cameroon

American junior mining exploration company Geovic seems ready to exploit the cobalt, nickel and manganese reserves located in East and South Cameroon. On...
cameroon-300-new-mining-sites-discovered-in-5-regions-in-2014-2019-in-the-framework-of-world-bank-backed-programme-precasem
Monday 17 June 2019Mining

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

Between 2014 and 2019, 300 new mining sites were discovered during exploration operations in Cameroon. This was revealed by the minister of mines Dodo...
only-10-of-cameroon-s-artisanal-gold-production-enters-the-formal-sector-eu
Tuesday 11 June 2019Mining

Only 10% of Cameroon’s artisanal gold production enters the formal sector (EU)

In Cameroon, only about 10% of the total production of artisanal gold miners enters the formal sector, the European Union observed. This share contributes...
cameroon-indian-jindal-steel-power-seeks-tax-and-customs-incentives-for-ngovayang-iron-ore-project-operation
Tuesday 30 April 2019Mining

Cameroon: Indian Jindal Steel Power seeks tax and customs incentives for Ngovayang iron ore project operation  

Cameroonian finance minister Louis Paul Motazé (photo) granted an audience April 29 to Hervinder Singh, who leads international projects within Indian...
cameroon-government-plans-further-extension-of-mbalam-mining-project-to-june-30-this-year
Wednesday 3 April 2019Mining

Cameroon: Government plans further extension of Mbalam mining project to June 30 this year

Australian mining company Sundance Resources could benefit from an additional extension of its Mbalam-Nabeba Iron Ore Project Convention. The project has...
cameroon-canyon-resources-identifies-250mln-tons-of-very-high-grade-bauxite-at-minim-martap
Thursday 14 March 2019Mining

Cameroon: Canyon Resources identifies 250mln tons of ‘very high grade’ bauxite at Minim-Martap

Australian mining company Canyon Resources announced March 12 on proactiveinvestors.com it achieved first exploration results of the Minim-Martap bauxite...
cameroon-just-over-1-791-carats-of-diamonds-recovered-in-2018
Monday 7 January 2019Mining

Cameroon: Just over 1,791 carats of diamonds recovered in 2018

Miners operating in Cameroon produced just over 1,791 carats of diamonds in 2018, according to the national permanent secretariat of the Kimberly Process...
cameroon-has-a-huge-potential-for-cobalt-and-nickel-according-to-roger-murphy-ceo-of-african-battery-metals
Thursday 13 December 2018Mining

Cameroon has a huge potential for cobalt and nickel, according to Roger Murphy, CEO of African Battery Metals

African Battery Metals announced it commenced exploration work on licenses it now holds in Cameroon following the acquisition of Cobalt Blue...
cameroon-mining-revenues-grew-to-cfa5bn-in-2018
Thursday 22 November 2018Mining

Cameroon: Mining revenues grew to CFA5bn in 2018

Actions pulled in the mining sector by the government this year helped increase revenues from CFA4 billion in 2017 to nearly CFA5 billion, the department...
cameroon-to-maximize-mining-tax-recovery
Wednesday 31 October 2018Mining

Cameroon to maximize mining tax recovery

“The value chain of mining and oil sectors, from exploration to export: tax collection techniques”. This is the theme of a workshop organized by the...
cameroon-canyon-resources-acquires-100-stake-in-birsok-bauxite-project
Friday 12 October 2018Mining

Cameroon: Canyon Resources acquires 100% stake in Birsok bauxite project

Altus Strategies announced October 11 it has signed a letter of intent with Australian Canyon Resources to terminate its joint venture agreement giving...
cemac-countries-to-set-a-common-mining-policy-to-attract-foreign-investments
Monday 10 September 2018Mining

CEMAC countries to set a common mining policy to attract foreign investments

The Commission of the Central African Economic and Monetary Community (CEMAC), Chaired by the Gabonese Daniel Ona Ondo (photo), issued a call for tenders...
heavy-metals-and-radioactive-substances-detected-on-some-mining-sites-in-east-cameroon
Thursday 9 August 2018Mining

Heavy metals and radioactive substances detected on some mining sites in East Cameroon

In Bétaré Oya and Kambele, two major gold mining towns in the forest and mining region of East Cameroon, the researchers of the Geological and Mining...
cameroon-dangote-cement-sold-332-000-tons-of-cement-in-q1-2018
Thursday 14 June 2018Mining

Cameroon: Dangote Cement sold 332,000 tons of cement in Q1, 2018

During Q1, 2018, Dangote Cement Cameroon sold about 332,000 tons of cement. According to the industrial group, this feat was namely due to the brand’s...
stratex-international-plc-to-invest-about-cfa1-billion-in-beig3-s-bibemi-and-wapouze-gold-mining-project
Tuesday 12 June 2018Mining

Stratex International Plc to invest about CFA1 billion in BEIG3’s Bibémi and Wapouzé gold mining project

This day June 12, 2018, Stratex International Plc announces that it has concluded a conditional option agreement with  Bureau d'études et...
india-to-relaunch-cameroon-alumina-bauxite-mining-project
Tuesday 5 June 2018Mining

India to relaunch Cameroon Alumina bauxite mining project

Indian operators will relaunch Cameroon Alumina mining project which has been on standby for years now. Even though the details of this project are not...


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Every week the economy and investment news from Cameroon


Business in Cameroon n85: March 2020

Minim Martap«It might be the best bauxite ever at the moment»


The necessary reform of Cameroonian public firms

Investir au Cameroun n95 Mars 2020

Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »


La nécessaire réforme des entreprises publiques camerounaises

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