Two thousands Cameroonians are set to get employed in the near future following a recent convention signed between the Cameroon government and its Chinese partner in Colomine in the East region. This was revealed in a signing ceremony in Yaounde over the weekend.
Speaking after the ceremony, the Minister of Mines, Industries and Technological Development. Gabriel Dodo Ndoke, said the opportunity will go a long way to benefit Cameroon and Cameroonians, bearing in mind that 80% of the work force will be locals. Signed with Codias SA, he said, it falls under President Paul Biya’s vision for the improvement and development of Cameroon.
“This project will permit our country to benefit from additional resources which will finance our budget. Job opportunities will also be given to young people, with about 500 direct jobs and 1,500 indirect jobs due to the project.” minister Dodo told the press.
This, he noted, “will be a great opportunity for our country which believes in its mineral resources”, adding that it will “also benefit the riverine communities which will be developed directly as required by the laws regarding the mining sector”.
With an area of 309km2 located in the East region’s Lom and Djerem division, Codias is expected to exploit the resource for a period of five years with a peak production of 500kg of gold annually. The first year of the project will be devoted to the construction and development of the mine as well as other supporting infrastructures.
The recent convention comes months after 300 new mining sites were discovered in five regions of the country in the framework of World Bank-backed project. Precasem. With the minerals ranging from gold to zinc, rare earth, uranium, nickel, rutile and manganese, the sites are found in the East. West. North. Centre and Adamawa regions.
To prevent disorder in the sector. Minister Gabriel Ndodo on August 28 this year signed a decision prohibiting semi-mechanised small-scale mining operations on riverbeds in the country’. The decree also prohibited the use and dumping of chemicals such as mercury used to process iron ope. citing their poisonous nature, putting both environment and lives at risk.
According to the Ministry of Mines, Industries and Technological Development, revenue pulled in by the mining sector increased from 4 billion FCFA in 2017 to nearly 5 billion FCFA in 2018.