Cameroon’s Mining Code Attracts International Investors

The Minister of Mines, Industry and Technological Development (ai), Professor Fuh Calistus Gentry, held a working session on Wednesday, 23 April, with executives from the Anglo-Australian multinational, Rio Tinto.

During their prospecting visit to Cameroon, representatives of the world’s second-largest mining and metallurgical company came to assess investment opportunities in the country.
During the discussions, it was highlighted that Cameroon’s stability, mineral potential, legal framework, and available geological data are key assets that have attracted Rio Tinto’s interest.
Driven by the vision of the President of the Republic, H.E. Paul Biya, this visit reinforces Cameroon’s position as it transitions from a country with high mining potential to a mining producing country.
It is worth noting that Rio Tinto, whose stock market capital is estimated at around USD 99.49 billion, operates across six continents in 35 countries. The company is a major producer of iron ore, copper, aluminium, critical minerals, and other materials essential for the global energy transition.