CAMEROON Law and Practice Contributed by: Lynda Amadagana, Elise Ngo Nyobe, Cecile Bella and Kevin Djomgoue, Amadagana & Partners
Perfection of Security To perfect the various security interests in mining tenements and related assets, there are registra - tion/notification requirements with the securities registry (RCCM). Failing to perfect the various security interests could result in enforcement difficulties. Furthermore, to secure the mining tenements, it is necessary to legally secure the land over which the tenements have been granted. 6. Mining: Outlook and Trends 6.1 Two-Year Forecast for the Mining Sector In the coming years, the government intends to: • implement the major first-generation mining projects that are being structured; • develop the mining sector by strengthening the security of mining conventions, follow -
ing a general audit that should propose a reorientation of the policy of awarding mining conventions to transnationals and the obliga - tion to subscribe to contracts; • actively support the best local companies that are themselves directly involved in the mining value chain, without subcontracting their conventions to foreign partners; • provide systematic support to inter-profes - sional organisations that oversee the artisanal sectors in the exploration, exploitation and marketing of gold, limestone and precious minerals (diamond, sapphire, corundum, etc) and in the mining industry; • continue the inventory of the national geo - logical potential through the production and updating of large-scale maps (scales greater than or equal to 1:200,000) to facilitate the exploration of deposits and the diversification of minerals and mining materials; and • strengthen institutional capacity by fully upgrading the equipment of the national research laboratories in the sector.
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