Home » Business
Cameroon: Biya Creates New Mining Corporation after Laying Down CAPAM
Category :- Business Author :- N Gelmin S 
Posted on December 16, 2020, 12:06 pm
(0 Rating)

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.

mining

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.

diamond

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.

Rate this article   
What Outstanding Impact Will Cameroon-Algeria Agreement Create on Cameroon Tourism!?
Following the signing of a bilateral air transport agreement....
Page Views: 31
Cameroon: MINSANTE Indicts Private Health for Non-Respect of COVID-19 Barrier Measures
The Minister of Public Health, Dr Malachie Manaouda in a rel....
Page Views: 32
Cameroon: Elizabeth Tamajong Awarded Eminent Researcher of the Year
Cameroonian, Elizabeth Tamajong, Doctor in Sociology and Ant....
Page Views: 78
Cameroon: Per kilogram Cocoa Farm Gate Prices Improves
On February 24, 2021, the price of a kilogram of cocoa beans....
Page Views: 56
Cameroon: Egypt, Cameroon to Represent Africa at Volleyball world Cup
Egypt and Cameroon are winners of the 2020 Men’s U-21 Afri....
Page Views: 161
___________________ ___________________