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Mborguene gold mine: Caminco secures its permit, with two years to deliver its first production

Dernière mise à jours il y'a 5 mois

The Cameroon Mining Company (Caminco) obtained its permit to operate the Mborguene gold deposit officially named Betara Oya located in the East Region, on August 19, 2025, in Yaounde

Lire aussi : 2026 Census: Cameroon mobilizes 13.2 billion FCFA, far from the initially planned 64 billion.

The mining title was handed over by the interim Minister of Mines, Fuh Calistus Gentry, in the presence of the technical and financial partner Shandong Gold Mining Co, Ltd, a Chinese company 42% owned by Beijing.Caminco must start production within a maximum of two years, failing which the permit will be automatically canceled.The agreement signed early 2025, with the state provides for a surface royalty of 75,000 FCFA per km² per year, as well as an export tax set at 5%. Public participation is significant: 10% free shares, accompanied by a production-sharing mechanism. At the first commercial production, 13% of the extracted gold will be allocated to local stakeholders: 3% to the state, 1% to Sonamines, 4% to Cameroonian shareholders, and 5% as ad valorem tax. Additionally, Caminco will contribute 0.5% of its production to the mining development fund and 0.7% of its turnover to a special account for local capacity building. The deposit, covering an area of 500 km², contains approximately 5 million tons of ore, with an average grade of 1.89 g/t.

 

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christelle
JESSICA CHRISTELLE KOAMBI
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