Gold in africa

MINISTRY OF MINES CAMEROON NEWS (Cemac to elaborate single mining code for its member-States)

MINISTRY OF MINES CAMEROON NEWS

The Cemac Commission launched at May 11,2016, in Douala, the economic capital of Cameroon, a study for the elaboration of a single mining code enforceable in the six member-States of this community: Cameroon, Congo, Gabon, Equatorial Guinea, CAR and Chad.

This study carried out with the support of the raw materials capacity-building Project in Central Africa, financed by the German cooperation; is led by a regional group of experts specialised in mining law, in association with experts from the member-States of the Cemac.

According to the Cemac Commission, the study initiated on May 11, 2016, “will help propose, based on the mining laws already in force in the Cemac, a communal mining code project adapted to the challenges of the sub-region and the international standards in terms of transparency, environment protection …”. The final results of this study are expected at the end of this year.

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MINISTRY OF MINES CAMEROON NEWS (MINMIDT and the Cameroon Mining Federation on a new partnership)

MINISTRY OF MINES CAMEROON NEWS The Mining Federation of the Mining Federation (FMC) has set up Mining Industry and Mineral Development (MINMIDT) to seek ways of mining in the country. The delegation from MINMIDT was led by Minister Emmanuel Bonde. During the sitting on Monday 10th November 2014, the FMC President Emmanuel Mbiam and his delegates tabled several proposals: -A move from amateurism to industrial exploitation which will help increase the State budget. -Reformulation of the Mining Code in Cameroon, in order to facilitate the acquisition of exploitation. -Creation of a development fund for industrial mining to help increase the Ministry’s budget.

MINISTRY OF MINES CAMEROON NEWS ( Additional Diamonds Discovered in Cameroon)

MINISTRY OF MINES CAMEROON NEWS

The directors of Botswana Diamonds plc announced that two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.

The current exploration program involves collecting a 100 metric ton sample from each of three areas previously found to have palaeoplacer rock in order to ascertain if the rock is diamondiferous.

One of the diamonds, a 0.25 carat near gem quality stone, was recovered from a stream flowing through the sample area. The second, a 1.3 carat industrial quality diamond, was recovered from the crushed sample.

The program is expected to be completed within weeks.

“This is further evidence that our Libongo license ground contains diamond bearing rock similar to that being mined close by, and that this project has the potential to deliver value to our shareholders,” said chairman John Teeling.