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Cameroon: Biya Creates New Mining Corporation after Laying Down CAPAM
Category :- Business Author :- N Gelmin S 
Posted on December 16, 2020, 12:06 pm
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On December 14th, 2020 Cameroon’s Head of State Paul Biya has signed a decree setting up a new National Mining Corporation, SOCAMINE.

Paul Biya

The company is charged with overseeing the development, exploitation and promotion of mineral potentials of the state as well as fostering mining activities and other related activities of the sector in Cameroon.

cut goal

The decree equally outlines the objectives, organization, activities of the corporation and the recruitment of new personnel for the corporation.


SOCAMINE is exceptionally created to enhance the exploitation of hydrocarbons and quarry minerals as well as processing and packaging of mineral substances in the country for both the domestic and foreign markets.


The setting up of this new company follows the laying down of the Mining Craft Support and Program Framework, CAPAM whose activities are expected to be closed up latest six months after the effective establishment of SOCAMINE.

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