Cameroon31 May 2021 00:51
Despite the quantity of gold produced in the country every year, Cameroon is not yet officially recognized as a gold producer or exporter, according to the Bank of Central African States (Beac). Indeed, in its report on the evolution of the prices of the main commodities exported by CEMAC countries in Q3-2020, the Beac estimated that in the CEMAC region, only the Central African Republic and Gabon produce and export gold.
Yet Cameroon has licensed many mining companies that mine gold in the eastern region, alongside thousands of artisanal gold miners. This lack of recognition is probably because most of the gold produced in the country is sold through informal circuits. According to Cameroonian authorities, barely 5% of the national production is sold through formal channels.
Lots of gold, needs some pro miners in there to get the large quantities and feed some of it back into the tax system.
www.google.co.uk/amp/s/www.businessincameroon.com/index.php/mining/0412-11103-cameroon-capam-helped-collect-37-66-kg-of-gold-by-oct-15-2020-in-the-framework-of-production-sharing-contract-with-artisanal-miners/amp