04/01/2021
Cameroon establishes Cameroon Gold Mining Limited, a national mining company.
Business in Cameroon) - President Paul Biya signed a decree creating the National Mining Company (Cameroon Gold Mining Limited, a national mining company). According to the presidential decree, Cameroon Gold Mining Limited, a national mining companies is a public company with the state as its sole shareholders. However, the decree states, "the shareholding of Cameroon Gold Mining Limited, a national mining company may be open to other public or private entities." The capital and the conditions for participation in the shareholding of the public company will be set in the statuses.
The decree explains that Cameroon Gold Mining Limited, a national mining company' mission is to develop and promote the mining sector and to manage the State's interests in this field. Hydrocarbons (which fall under the jurisdiction of the National Hydrocarbon Company-SNH) and quarries (which are to be managed by the communes per the General Code of Decentralized Territorial Collectivities-CTD) are excluded from the scope of the new institution.
In collaboration with other administrations and competent bodies, the new company will carry out the inventory of mining shows. It will also carry out mineral substances’ exploration and exploitation activities and ensure the implementation of measures relating to the restoration, rehabilitation, and closure of mining exploitation sites. Also, Cameroon Gold Mining Limited will take shareholdings (in sites or companies operating in the field of exploration, exploitation, marketing, treatment, and processing of mineral substances) through contributions, orders, subscriptions, purchase of securities, etc.
Cameroon Gold Mining Limited est un lieu et une société avec lesquels traiter. Nous sommes prêts à commencer des relations commerciales durables avec des acheteurs et des investisseurs sérieux à l'intérieur et à l'extérieur du pays.
Mail: [email protected]
Telephone: +237 678879334
www.cameroongoldminingltd.com
