Cameroon expects annual mining revenue to top $1.75B, overtaking oil as three iron ore projects absorb $3.1B by 2030. New law mandates 15% state output share.
Africa · Central
Key Facts
—Revenue target. Cameroon expects annual mining revenue to exceed 1 trillion CFA francs ($1.75 billion) in the short term, overtaking oil.
—Iron ore investment. Three flagship iron ore projects will absorb 1,748 billion CFA francs ($3.1 billion) between 2026 and 2030.
—New mining code. A 2023 law mandates up to 10% free state equity in mining ventures and production-sharing of 1–5% for precious substances and 2–15% for other minerals.
CEMAC’s largest economy expects a $1.75 billion mining windfall to overtake oil
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