With a relative abundance of high grade mineral resources, Cameroon boasts attractive mining potential. Foreign investment has picked up over the past five years, but the collapse in metals prices slowed the progress of a number of big iron ore and bauxite projects. These projects will come online in the coming years, and Cameroon will play an increasingly important role in African iron ore production over the medium term. Government support to the sector and a solid pipeline of infrastructure investment will also help the development of mining production.
Latest Developments & Structural Trends
Cameroon will play an increasingly important role in African iron ore production over the medium term as the Central African country begins to develop its abundant mineral reserves. The country will enjoy high-grade reserves, strong government support and a solid pipeline of infrastructure investment over the coming years. At present, Africa produces 2% of global iron ore output, but is estimated to hold 20% of global reserves.