Despite the fact that Cameroon has for some time been viewed as a land ailing in regular assets, over the space of only a couple of years, the nation has been changed into a mining player having some expertise in the development of gold. Among the explanations behind this development in the country’s extractive ventures are the tax reductions allowed to financial backers and the weapons store of legitimate arrangements set up to make mining speculation projects unsurprising and more secure in the “Place where there is Incorruptible People.”
As indicated by a report distributed in 2014 by the Canadian Fraser Institute, Cameroon is right now the third most appealing area in Africa for mining financial backers, beaten exclusively by Botswana, Ghana, Morocco, Namibia and Zambia.
The nation’s digging regulation accommodates the extraction of minerals by means of three unique courses: distinctive mining, semi-automated mining, and modern mining. As indicated by the Minister for Mines, an aggregate of 12 modern mines, 200 authoritatively perceived high quality mining destinations, and around 800 unlawful gold panning locales were working in Cameroon in 2017.
BONAS GOLD is more than just a gold mining and export company but when it comes to this subject, we are one of the top key players with an impeccable reputation. We are glad to be at the forefront of the Cameroon mining industry. You can learn more about us or continue reading below to first of all gain a general insight about gold mining in Cameroon in general.
Cameroon is one of the few gold-rich countries in Africa that is keen to tap the rare natural resource and kick start its economy.
.Gold mining in Cameroon can be traced back to 1930 during the colonial administration. Records show that when it reached its peak (in the 1940s), gold mining contributed about 20% of the country’s Gross Domestic Product.