https://www.businessincameroon.com/...-mining-policy-to-attract-foreign-investments
(Business in Cameroon) - The Commission of the Central African Economic and Monetary Community (CEMAC), Chaired by the **onese Daniel Ona Ondo (photo), issued a call for tenders last August 30 to recruit a consultancy firm to develop a common mining policy within the CEMAC area.
According to Daniel Ona Ondo, the strategy lays on the interest of having a legal and regulatory framework without large disparities between Member States as to attract direct foreign investments. Bids must be submitted in a sealed envelope to the Commission's provisional headquarters in Malabo, Equatorial Guinea, or by e-mail no later than September 27 at 10 a.m.
The Commission pointed out that the subsoil in the sub-region is rich in mining resources such as manganese, iron, bauxite, cobalt, nickel, potash, uranium, gold, silver, diamond, copper, etc. Cameroon, for example, has the world’s 6th largest bauxite reserve (still not exploited) and **on is the world's second-largest manganese producer with 30% of the world's reserves. The commission said the resources are not sufficiently exploited (under-exploited) and mainly exported as unprocessed raw materials."
My bold, as we know it is now about to be exploited. The World Bank is also weighing in to build roads across Cameroon from all the land locked neighbours. Cameroonian Government is also contributing heavily.
"...For more than a decade, a $ 655 million credit line from the World Bank has provided funding to all three countries for this transport facilitation project in Central Africa to improve the quality of infrastructure, increase trade and to strengthen socio-economic integration through the free movement of goods and people...."
from https://www.cac-international.com/c...bangui-and-douala-ndjamena-corridors/?lang=en
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