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Mborguene Mining exploitation : Cameroon and CAMINCO S.A Seal their Agreement

Dernière mise à jours il y'a 10 mois

The Cameroonian government and CAMINCO S.A have signed a major mining agreement for the exploitation of the small Mborguene gold mine in the East region

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 This agreement, which guarantees significant socio-economic benefits, provides for active state participation, job creation, and local development.The project is expected to have substantial economic spin-offs for Cameroon. The project also plans to make available to the local industry at least fifteen percent of the extracted raw materials for local consumption, thereby promoting the development of a Cameroonian mining sector. The signing of this mining convention marks a decisive turning point for the Cameroonian mining sector, associating economic development, job creation, technology transfer and environmental preservation. This project reflects Cameroon's willingness to fully benefit from its natural resources while ensuring sustainable and inclusive development with the exploitation of the Mborguene mine.Cameroon is thus positioning itself as a major player in the African mining sector, ready to take on the challenges of industrialization and diversification of its economy.  The agreement provides for strong state involvement in the management of mining resources. In addition to the 10% of shares held free of charge by the state, a production sharing mechanism has been put in place. Thus, from the first commercial production, 13% of the gold produced by CAMINCO S.A will be redistributed: 3% for the state, 1% for the benefit of the National Mining Company (SONAMINES), 4% for local shareholders, and 5% for the ad valorem tax

 

 Christelle koambi 

christelle
JESSICA CHRISTELLE KOAMBI
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