Cameroon Eyes Nearly CFA1 Trillion From Five Mining Projects, Gold Reform

Cameroon expects close to one trillion CFA francs in the short term thanks to five major mining projects and a broad restructuring of its gold sector. The measures were presented during a joint press briefing in Yaounde on July 15 by the Acting Minister of Mines, Industry and Technological Development, Fuh Calistus Gentry, and the Minister of Communication and Government Spokesperson, René Emmanuel Sadi. The five flagship projects cover iron ore, bauxite, marble and gold. They are namely the Bipindi-Grand-Zambi and Kribi-Lobé iron ore projects, the Minim-Martap bauxite project, the Bidzar marble project and the Colomine industrial gold mining project.…

Business in Cameroon. Read the full story at Business in Cameroon.