Gold Mining in Cameroon

Gold mining Cameroon, Buy gold online, Buying gold bars. gold mining Cameroon, buy gold online, buying gold bars

A good look at Gold Mining in Cameroon. Although being a gold-rich country, there was been little commercial mining done in Cameroon since the end of the colonial rule.  The slow growth was due to the political instability in the past but the mining sector has seen a big growth with the rise in democracy.

Cameroon now offers a great opportunity to anyone interested in gold mining or buying gold from local miners.

Mining is currently done by small-scale artisans and according to the government 28,890kgs of gold was produced from 2010-2015.

Gold mining in Cameroon can be traced back to 1930 during the colonial administration. Reports show that when it reached its peak (in the 1940s), gold mining contributed about 20% of the country’s GDP.

After independence political interference slowed down the commercial mining in the country.  Most of the gold was being mined by small-scale artisans and sold in clandestine markets. Today the small-scale artisanal mining contributes about 95% of all the gold mined in the country.

Cameroon’s mining code has for many years encouraged artisanal and other forms of mining. To dig for gold commercially, you will need a class C or K mining licenses. Many big firms are now getting into the sector due to the increased occurrence of gold,

According to the Ministry of Mines, Cameroon has about 140 identified gold deposits. These deposits are mined by artisanal miners, but with the recent expansion of the mining sector, this will change in the coming future. This is because the government has put in place studies and survey programs aimed at determining the potential of the country as a major gold producer.

Since the year 2000, the gold mining sector in Cameroon has experienced tremendous growth. Thanks to the increased efforts by the government through the Ministry of Mines encouraging large firms to invest in the gold sector. In 2011, the ministry of mines in conjunction with a number of mining companies and the small-scale miners common initiative groups started the ‘Operation Gold’ initiative to transform the existing informal mining into formal mines.

With the rising growth in the mining sector, Gold Investment Group Cameroon (GIG Cameroon) is playing its part and we have many gold deposits of our own.  GIG CAMEROON is an unhedged gold producer and explorer with mining operations and exploration tenements in the Republic of Cameroon. We operate at world-class standards and are focused on the safety of our employees, respecting the environment, and contributing to the communities in which we operate.

Buying gold bars from Cameroon involves a lot of documentation and the Ministry of Mines plays an active part in every sale. If you are looking to buy gold online from Cameroon, then GIG Cameroon is the right place.

We currently have gold bars for sale at discounted rates and we can supply about 200kg monthly. Go now to our order page, fill the order form and we will get back to you as soon as we can.

 

 

Gold mining Cameroon, buy gold online, buying gold bars.
Gold mining Cameroon, buy gold online, buying gold bars.

 

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