Cameroon’s mining sector is gaining momentum as the government promotes economic diversification beyond oil and agriculture. The country is rich in untapped mineral resources, including gold, bauxite, iron ore, diamond, and cobalt. With growing demand for minerals both locally and internationally, Cameroon offers significant investment opportunities in mineral exploration, extraction, and processing. The government has also implemented policies to encourage foreign direct investment (FDI) and streamline mining regulations to attract investors.

Key investment areas: Gold mining has potential in several regions, including the East and Adamawa, offering opportunities in exploration, extraction, and refining. Bauxite and aluminum production benefit from significant deposits in Minim-Martap and Ngaoundal, with investment potential in mining, refining, and aluminum production. Iron ore and steel production in Mbalam and Kribi present opportunities for large-scale mining operations and steel processing to reduce import dependency. Diamond and gemstone mining in the Eastern region offer prospects in sustainable extraction and processing. Cobalt and nickel mining align with the growing demand for electric vehicle and battery materials, creating investment opportunities in mining and refining. Mining infrastructure and equipment supply require better transport networks, energy supply, and heavy machinery, opening avenues for investors in logistics, road and railway construction, and mining equipment supply.

Why invest? Cameroon possesses vast and underexplored mineral resources, offering high-potential investment opportunities. The government actively promotes mining sector development through tax incentives, public-private partnerships (PPPs), and mining-friendly regulations. Rising demand for minerals in industries like construction, manufacturing, and electric vehicles enhances the sector’s profitability. Strategic location and infrastructure improvements, including the Port of Kribi, facilitate mineral exports. As one of Central Africa’s leading economies, Cameroon provides a stable business environment for long-term investment.

Ideal investor: The ideal investor in Cameroon’s mining sector includes mining exploration and extraction companies, mineral processing and refining industries, steel and aluminum manufacturing firms, heavy machinery and mining equipment suppliers, infrastructure developers for roads, rail, and ports, renewable energy companies supporting mining operations, and private equity and venture capital firms focused on natural resources. With abundant mineral reserves and increasing government support, Cameroon presents significant opportunities for investors looking to enter the mining sector.