Yaoundé, Cameroon – The Cameroonian government is moving to impose stricter controls on the gold sector. This step aims to reorganize mining activities before their official resumption,
following a period of suspension and a comprehensive review of the sector.
Strict controls on gold mining
Authorities announced a new package of measures, including stricter oversight of mining sites,
particularly gold mining. In addition, licenses granted to companies will be reassessed.
Furthermore, stringent controls will be imposed on extraction, transportation, and export operations.
These measures aim to curb smuggling and enhance transparency in the management of natural resources.
This move comes amid growing concerns about the chaos that has plagued the sector in recent years,
especially with the proliferation of illegal mining and the associated significant economic losses to the country.
There are also escalating environmental and security repercussions.
Opening the door to new investments
The government confirmed that the resumption of mining activities will be contingent upon full compliance with the new regulations.
It also emphasized that the next phase will involve intensified on-site monitoring and greater cooperation with security forces to address violations.
Observers believe these measures could help restore investor confidence and pave the way for new investments in the mining sector.
This sector is one of Cameroon’s most important untapped sources of income, and there are hopes that these reforms will have a positive impact on the national economy.
