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   
Anglophone Crisis: Ndu DO Seals Shops over Traders Strict Respect for Ghost Town
Like the late mayor of Buea, Ekema Patrick and his successor....
Page Views: 125
Ghana: Operators of Baby-harvesting syndicate' Apprehended
Following months of investigations during which two babies w....
Page Views: 154
ENEO Reveals Cost of Guider, Maroua Solar Power Plants
Cameroon electric utility, ENEO in its recently published 20....
Page Views: 65
Iraq: Over 20 Killed, 40 Wounded in suicide bombings in Baghdad
At least 20 people have been killed and over 40 wounded in a....
Page Views: 57
10 Things to know about Amanda Gorman.
Amanda Gorman an American Poet and Activist has recently ris....
Page Views: 150
___________________ ___________________