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Infos Business of Friday, 26 December 2014

Source: Investir au Cameroun

The Town Hall of Meyomessala creates mining company

During the municipal Council of December 20, 2014, Meyomessala Town Hall, capital of the District of origin of the leader of the Cameroonian State, Paul Biya, in the southern region; Councillors have voted a resolution authorizing the Mayor, Christian Mebiam Mfou'ou, to create a mining company to operate two gold and diamond deposits discovered in the locality.

"Two deposits will be exploited by the local mining company (SOCEM) created by the Town Hall. For now, I prefer not to give details on the two deposits for fear that other people will come to monopolize our treasure and we pay only 10% of revenues. It is a discovery we want to surround with discretion for proper operation. With two gold and diamond deposits, we will be able to develop our borough, said the municipal executive of Meyomessala, relying at the same time on the recent nature of the discovery of these two deposits of gold and diamond in his commune".

Although precise information on these new deposits discovered in the commune of Meyomessala (located approximately 250 Km from the Cameroonian capital) are still little broadcast advances still a potential 100,000 carats of diamonds and a quantity of gold important.

Although the licensing of artisanal gold mining has been suspended by the Cameroonian Government since the month of May, 2014 because of disorder reigning in the sector, and despite what the operation and marketing of diamond is conditioned by the issuance of an authorization by the national Committee of the Kimberly process; the Town Hall of Meyomessala do not despair to launch mining beginning in 2015.

With its local mining company, Meyomessala commune will thus join Dimako counterparts (a communal forest operations) and Sangmelima (shareholder of the Société de transformation de Sangmelima cassava, Sotramas), in the category of the Cameroonian towns that wisely exploit their local resources.