History of Gold Mining in Cameroon

Gold mining in Cameroon can be followed back to 1930 during the pioneer organization. Records show that when it arrived at its top (during the 1940s), gold mining contributed around 20% of the nation’s Gross Domestic Product.

After freedom, political obstruction dialed back business mining in the country. The vast majority of the gold was being mined by limited scope craftsmans and sold in surreptitious business sectors. Today the limited scale high quality mining contributes around 95% of all the gold mined in the country.

As per the public authority, Cameroon has around 140 distinguished gold stores, larger part of which are mined by distinctive excavators.

However, there are difficulties.

Cameroon has battled with how to deal with the mining in the nation, principally connected with tax assessment from the asset.

The public authority gauges than most of the gold presently being mined by high quality excavators is being snuck out of the country by dealers who offer it in different nations to try not to make good on charges.

The nation is likewise attempting to deal with its developing mining industry and figuring out how to guarantee that business mining tasks additionally pay their portion of income to the public authority.

Authorities anyway say they have put new measures which will carry request to the nation’s mining area.

Cameroon is one of the many gold-rich countries in Africa, although little commercial mining has been done since the end of the colonial rule. This is partly due to the political instability that existed in the past. With the return of a democratic government in the late 1990s, Cameroon now offers a great opportunity to anyone interested in gold mining within the country.

Currently, Cameroon gold is mainly mined by small-scale artisans. In fact, according to the government, the estimate of small-scale artisanal mining produced about 16,653kgs of gold between 2010 and 2015.

The 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 GDP.

After independence political interference slowed down the commercial mining in the country, most of the gold was being mined by small-scale artisans and sold in clandestine markets. Today the small-scale artisanal mining contributes about 95% of all the gold mined in the country.