Accueil >> Communiqués & Offres >> Cameroon : The main innovations of the New Mining Code
NEW MINING CODE

Cameroon : The main innovations of the New Mining Code

This text which was already expected in recent years and which repeals the provisions of Law N0.001 of 16 April 2001 on the Mining Code and its amendment N0.2010/011 of 29 July 2010, aims to revamp the mining sector in order to enhance, encourage and promote Investments in the mining sector likely to contribute to the economic and social development of the country.

NEW MINING CODE

PRESS RELEASE BY THE MINISTER OF MINES,

INDUSTRY AND TECHNOLOGICAL DEVELOPMENT

 

VERSION FRANCAISE

The President of the Republic has just promulgated Law No. 2016/017 of 14 December 2016 on the Mining Code.

This text which was already expected in recent years and which repeals the provisions of Law N0.001 of 16 April 2001 on the Mining Code and its amendment N0.2010/011 of 29 July 2010, aims to revamp the mining sector in order to enhance, encourage and promote Investments in the mining sector likely to contribute to the economic and social development of the country.

This participatory process, which benefited from contributions from State Institutions, the Civil Society and Development Partners was urged by the Head of State and conducted by the Prime Minister, Head of Government. It emphasized the retention of fundamental options defined by the State in this sector of activities, namely the recognition of:

  • The key role played by the private sector in the development of mining activities through the raise of capital, the creation of jobs, the training of Cameroonians in the different trades related to mining;
  • The role of the State in regulating, controlling activities, improving the business climate in relation to the mining sector, equitably distributing the benefits of the exploitation of resources and taking into account The interests of the people in what is now called “local content”;

The main innovations of this important text involve:

Improved governance and transparency in the mining sector through the incorporation into the legislative corpus of the obligation to comply with the updated principles of the Transparency Initiative in Extractive Industries (EITI) and the Kimberley Process (PK) by mining operators, the establishment of a Mining Cadastre, which is a single window for operations related to mining rights, the denunciation of conflicts of interest, the introduction of a legal framework for access to geological and mining information, the publication in the Official Gazette of acts devoted to the management of mining titles, the swearing-in of Government officials, Inspectors and Deputy Inspectors before the competent courts;

 

The leading role of the mining sector in the development of Cameroon’s emergence through the raising of funds intended to promote sustainable development in the mining sector, the formulation of a taxation specific to the mining sector with he granting of customs facilities and incentives on the one hand, and the increase of the mining income on the other hand, in the prospect of a more significant contribution to the Gross Domestic Product (GDP) and the development of infrastructure;

 

Taking into account an equitable redistribution of the mining benefits through the institutionalization of the « local content » and the creation of a special account for local capacity building which portrays the desire of government authorities to maximize the social benefits of mining projects and encourage harmonious relations between mining project promoters and project site residents and the desire for an equitable redistribution of mining revenues ;

 

The reinforcement of security measures and protection of the environment through the institution of the rules on the sustainable use of resources, the protection of biodiversity and the rehabilitation, the restoration and the closure of sites, The creation of an escrow account at the Central Bank to guarantee the restoration, rehabilitation and closure of mining sites and quarries by mining operators in accordance with the “polluter pays” and “progressivity” principles  in the rehabilitation, the improvement of taking into account the protection of the health of populations in the carrying-out of mining activities and the legal obligation to underwrite insurance policies

Teams from the Ministry of Mines, Industry and Technological Development and the civil society will soon be visiting the Regions to share the innovations of this text with the various stakeholders in the mining sector (operators, municipalities and local populations, etc.) through interactive exchanges.

In addition, the gradual implementation of Cameroon’s New Mining Code is effective with the official launching, on 03 February 2017, of the Computerized Mining Cadastre and the Geological and Mining Information System (SIGM), operational via an Internet platform.

The Minister of Mines, Industry

and Technological Development

ERNEST GBWABOUBOU

 

Notifications

Plus de la moitié des jeunes enfants privés d’activités éducatives, selon l’ Unicef

Plus de la moitié des jeunes enfants privés d’activités ludiques et d’apprentissage précoce avec leur …

Laisser un commentaire

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Translate »