CMR mining potential valued at 500 billion FCFA plus

The potential of the mining resources of Cameroon is estimated at more than 500 billion FCFA that is to say nearly 100 billion dollars, according to a recent study from the Cameroon mining Federation (FMC).

According to the Cameroon mining Federation (FMC), the basement of the country abounds is innumerable and various ores, in particular oil, natural gas, iron, diamond etc. "The mining activity in Cameroon is risky but can pay large sums to the Treasury, provided that it is practiced within the lawful framework", asserted the president of the FMC, Emmanuel Mbiam.

But for the president of the FMC, the Cameroonian mining sector, which can generate a labour of approximately 2,000 people, suffers from a remarkable in-organization and the exploitation takes much time.

Candidates within the mining sector in Cameroon denounce administrative slowness and heaviness, as well as the multiple posts of corruption installed on the circuit of obtaining the licence.