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    Cameroon’s mining moment: new code and PRECASEM mapped for project teams

    September 1, 2026|

    Reviewed by Joe Ashwell

    Cameroon’s mining moment: new code and PRECASEM mapped for project teams

    First reported on MINING.com

    30 Second Briefing

    Cameroon’s revised Mining Code (Law No. 2023/014) and World Bank-funded PRECASEM geochemical mapping using the Flexicadastre system are opening underexplored iron ore, bauxite, gold, rutile, nickel and cobalt targets, particularly along the Cameroon Volcanic Line and associated shear zones. The code allows three-year exploration permits renewable up to nine years, JORC-based prefeasibility studies for commercial permits, 20-year operating terms, transferability of mining rights and 100% foreign ownership via locally incorporated entities. Investor concerns centre on SONAMINES’ mandatory board seat on licensees, presidential sign-off on operating permits and how transparency and conflicts of interest are managed.

    Technical Brief

    • Mining waste and water treatment both require specific permits, tightening control on tailings and effluent management.
    • Illegal gold mining using crude tools leaves recoverable gold in waste, increasing incentives for formal reprocessing.
    • North, Northwest and Southwest regions still lack detailed airborne surveys despite known shear zones and fault planes.
    • Licence application procedures and criteria, including proof of prior experience, are now centralised via the Ministry’s website.
    • Exploration permit renewals demand demonstrable progress and explicit Ministry of Mining approval at each two‑year extension.
    • A mandatory SONAMINES board seat on each new licensee creates structural conflicts with its tax‑collection role.
    • Presidential approval is required before the Minister of Mines can sign operating permits, adding an opaque decision layer.

    Our Take

    With World Bank-linked programmes such as PRECASEM referenced here, it is notable that other recent coverage shows the Bank being pushed (e.g. at the 2026 IMF–World Bank spring meetings) to channel more finance into ‘high‑quality’ critical minerals projects, which could align well with Cameroon’s rare earths and cobalt ambitions if governance standards are demonstrably robust.

    Given that this is one of 124 Policy stories and is tagged under Standards/Guidelines, Cameroon’s move to codify transparency (e.g. Section 107 on disclosure of payments) is likely to be scrutinised by lenders and majors in the same way as emerging critical minerals jurisdictions like Guyana, where World Bank and IMF involvement has preceded a step‑up in bauxite and gold project financing.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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