Cameroon published its beneficial ownership roadmap on 22 November 2016. Of the 17 companies in its 2015 EITI Report, six were either state-owned or publicly listed. Of the remaining eleven companies, five disclosed comprehensive information on their beneficial owners.

The new Mining Code issued by law No.2016/017 provides a first regulatory framework on the disclosure of beneficial ownership in the mining sector. Art.145 makes it mandatory for mining or quarrying companies (owners or applicants), as well as their subcontractors, to publish the identity of any person holding interests in the title, including any person deemed to have control over the company or holding over 5% of voting rights or earnings.

Cameroon is a leading producer of crude oil and is developing its production of natural gas. 90% of production originates from offshore fields in the Rio del Rey basin. Total daily oil production averaged 100 000 barrels in 2015. Cameroon hosts a pipeline that transports oil production from Chad to its port in Kribi. The country also plans on expanding its natural gas production, including following the construction of a liquified gas floating unit in Kribi.

Artisanal and small-scale mining of gold and diamonds is increasing in the northern and eastern regions of the country, while Cameroon also produces a variety of construction materials.

The latest EITI disclosures (2015) show that Cameroon received USD 1.152 billion from extractive industry taxation. 93,66% of these revenues came from upstream hydrocarbons, mainly from crude oil, with the rest from oil and gas transport (6,08%) as well as mining (0,26%). Revenues were mainly collected through SNH’s direct transfers to Treasury (58,33%), through the marketing of the state’s share of oil production, and corporate income tax (27,55%).

Total government revenues