Cameroon has significant mining resources that are very little exploited. The contribution of the mining sector (excluding oil) to GDP is still marginal (less than 1%).
In its long-term vision (2035), Cameroon intends to achieve the rank of emerging country with a strong industrial and mining sector.
To accelerate industrialization, the country is counting in its Strategy for Growth and Employment (DSCE), to intensify the exploration, exploitation and transformation of mineral resources, by attracting in these activities with high capital and technological intensity. investors.
The future exploitation of known world-class deposits will considerably boost this sector.
- Much of the solid mining activity is confined more or less to the informal sector of artisanal mining.
- No industrial exploitation of concessionable mineral substance has yet seen the light of day in Cameroon.
- Low diffusion of the existing geological potential;
- Insufficient geological and mining data:
– Lack of complete and reliable coverage in strategic geochemical and alluvial prospecting
– 1/500 000 mapping based on obsolete techniques (geochemistry, geochronology, GIS, ferromagnetism, etc.)
- Poor development of basic infrastructure (port, road, rail, energy);
- Existence of institutions for the organization and management of the sector (MINIMIDT, IRGM, etc.) and several others in the process of being created (National Society of Mines, National Geological Service, mining cadastre, mining promotion agency;
- Existence of a renewed legal and regulatory framework (2010 law on the mining code supplementing that of 2001);
In this context, Cameroon’s mining strategy is as follows:
Axis 1: Improvement of the legal, regulatory and institutional framework (to make it more suited to the requirements of the current economic and social context)
- finalization of the application texts of the mining code
- setting up of support structures (national mining company, national geological service, etc.)
- f inalization and popularization of mining policy
- Capacity building of the sector’s supervisory structures (human, material and financial .. Precasem)
Axis 2: Development and improvement of knowledge of mining potential
- development of maps and reliable geological data (map at 1/200000) (updating of mining data)
- implementation of a geological and mining information system (SIGM)
- Dissemination and promotion of geoscientific data
Axis 3: Improving the exploitation of mining resources
- facilitation of the development of synergies between the various players in the sector (forum, exchange platform)
- Establishment of an attractive tax framework
- Promotion of mineral resources nationally and internationally
- Supervision and modernization of mining crafts
- strengthening of infrastructure to support operating activities (rail, road, port)
- promotion of jobs in the mining sector
Axis 4: Development of mining resources (transformation)
- Support for the establishment of training structures in the mining industry
- Support for the development of local SMEs in the extractive industries
- Establishment of financing mechanisms for industrial players (joint ventures)
- This strategy will promote the emergence of the mining sector, which will truly position itself as an engine for relaunching growth.
- “In addition, the development of the mining sector through its spillover effects on the rural sector and its relative importance in the country’s economic structure, constitutes an important anchor point around which the creation of wealth and resources can be articulated. jobs, as well as the fight against poverty ”