Mining

Mbalam iron ore: Despite the June 30 flop, Sundance still hopes to finalize its agreement with AustSino

Today July 2, the Australian junior mining company announced that despite the failure to reach an agreement on June 30, it is continuing negotiations with...

Business in Cameroon n88: June 2020

Investir au Cameroun n98 Juin 2020

Nexttel replies to staff after strike movements at some of its agencies
France and the EU condemn the Bamenda and Galim attacks
Accused of conspiracy against Cameroon, Human rights group Redhac announces a judicial complaint against Paul Atanga Nji

Monday 29 June 2020Mining

Avima Iron Ore chooses Port of Kribi as its iron exports’ gateway

On June 8, Avima Iron Ore Limited, majority-owned by Australian Core Mining, signed a Memorandum of Understanding with the Port Authority of Kribi (PAK),...

njombe-penja-communal-authorities-and-mining-company-setp-clash-over-the-exploitation-of-a-pozzolana-quarry

Thursday 11 June 2020Mining

Njombé-Penja: Communal authorities and mining company SETP clash over the exploitation of a pozzolana quarry

Pozzolana mining company SETP (Société d’extraction et de transformation de pouzzolane) is currently clashing with the municipal authorities of...

Monday 1 June 2020Mining

Cameroon plans to create a mining promotion corporation to reduce artisanal mining

Cameroon currently seeks a consultant that will elaborate on the geological and mineral information system (GMIS) for the Ministry of Mines. This...

Tuesday 26 May 2020Mining

British group BWA Resources secures 2 exploration permits in Cameroon

British group BWA Resources “secured its direct exposure” to Cameroon with the obtention of a first license covering an area of 497 km2 in Nkoteng,...

Thursday 14 May 2020Mining

SNH unveils its 2020-2024 development plan focused on revenue optimization

The National Hydrocarbons Corporation of Cameroon (SNH) recently published a magazine presenting its 2020-2024 development plan approved by the board of...

Wednesday 13 May 2020Mining

Cameroon: Three illegal gold panners die in a mine in the Northern region

Three Chadian gold miners died in a landslide at an artisanal gold mine in Bandjoungri, Northern Cameroon, on the night of May 7 to 8,...

Tuesday 14 April 2020Mining

Cameroon gives mining companies 2 months to restore former sites or risk having their licenses revoked

In Cameroon, some mining companies have been allowed up to 60 days to restore the sites where they recently completed operations. The count of this...

Friday 27 March 2020Mining

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...