The Interim Minister of Mines, Industry, and Technological Development, Fuh Calistus Gentry, recently announced that the 4th Cameroon International Mining and Exhibition Convention (Cimec) will take place from May 22 to 24 in Yaounde. The event’s theme, “Transition from geological potential to the production of mineral deposits as a means of strengthening economic growth in the sub-region,” highlights its significance as one of Central Africa’s key mining events.
The government aims to position Cameroon as a hub for international exchanges and negotiations in the mining sector through Cimec, formerly known as the Cameroon International Conference of Mines and Exhibition. This rebranding reflects the country’s commitment to becoming a prominent player in the global mining industry. The upcoming Cimec in 2024 coincides with Cameroon’s announcement of its first iron exports, marking a significant milestone in the sector’s development.
Several mining projects, including iron mining ventures in Mbalam, Kribi-Lobe, and Bipindi Grand Zambi, are set to contribute to Cameroon’s mineral production. The Mbalam project, spanning Cameroon and Congo, is expected to produce 40 million tons of iron ore annually in its initial 12-year phase. Additionally, the Lobe-Kribi Iron Mine and Bipindi Grand Zambi iron deposit hold substantial reserves, further enhancing Cameroon’s mining potential.
The government’s focus on showcasing Cameroon as a mining-producing country at Cimec underscores its efforts to attract foreign investment and promote the sector’s growth. Financial institutions, stock exchanges, banks, insurers, and lawyers are encouraged to engage with the mining industry in Cameroon to facilitate funding for mining companies and manage associated risks effectively.
Cameroon boasts significant mineral deposits that, if managed efficiently, could drive economic growth. Despite the sector’s potential, its current contribution to the country’s GDP remains modest. As part of its long-term vision, Cameroon aims to emerge as a leading African mining state by 2035, emphasizing sustainable development and social responsibility in mining operations.
Addressing social risks associated with mining activities requires collaboration with local communities, municipalities, and stakeholders to promote economic diversification and enhance social services in mining regions. By leveraging its mineral wealth responsibly, Cameroon seeks to achieve sustainable growth and establish itself as a key player in the global mining industry.
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