Cameroon's 2017 EITI Report covers extractive activities in the country for that fiscal year.
Cameroon is a leading producer of crude oil and has rich deposits of natural gas, cobalt, bauxite, iron ore, gold and diamonds. Revenues from the extractive industries accounted for 5,43% of GDP and 33,23% of total exports in 2015. EITI reporting discloses payments made by 25 companies active in the oil, gas and mining sector, including the National Hydrocarbons Company (Société Nationale des Hydrocarbures, SNH), as well as in the transportation of crude oil. The SNH is leading Cameroon’s efforts in online systematic disclosure of company payments and government revenues. Public debate focuses on subnational transfers to resource-rich communities, artisanal and small-scale mining and the environmental impact of the extractive industries. Latest reforms in the sector include the review of the Mining Code in 2016, which makes it mandatory for companies to comply with transparency requirements as per the EITI.
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.
Cameroon has rich deposits of crude oil, natural gas, cobalt, bauxite, gold, iron ore and diamonds. Ongoing development of oil and gas is taking place mainly offshore in the Gulf of Guinea, while mining exploration is focused on roughly 40% of Cameroon’s territory. Cameroon is considered one of the most mineralised countries along the Gulf of Guinea, holding the second largest bauxite reserves in sub-Saharan Africa.
|Gas||154||billion Sm3||Cameroon holds arounds 0.6% of the world's natural gas reserves|
|Bauxite||700,000||thousand metric tons||Cameroon holds the world's sixth largest deposits of bauxite|
|Iron ore||632,000||thousand metric|
|Uranium||24,125||metric tons||these are potential reserves. The minimum content of the deposits is 0.1%|
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
Regional and municipal governments receive 25% of VAT and 25% of extraction tax based on the 2015 Finance Law, as well as 70% of levies on corporate tax and tax on revenues of assets. The Framework for the Support and Promotion of Artisanal Mining (CAPAM) is responsible for collecting in-kind revenues of artisanal gold production, a share of which is transferred to the Treasury and subsequently to the Communes.
The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.
- The SNH website has a section dedicated to the EITI, which includes information on licensing procedures, data on SNH’s participation in thirteen companies, as well as aggregate figures on oil sales in 2016.
- In its 2015 EITI Report, Cameroon disclosed cash and in-kind voluntary social payments by companies.
- Taxes collected in-kind by CAPAM in the gold artisanal mining sector are disclosed.
- Revenues from oil transportation through the Chad-Cameroon pipeline are included in EITI Reporting.
- In addition to the EITI Student Club in Douala, the number of university students doing research on the implementation of the EITI in Cameroon is increasing.
The government announced its intention to apply for EITI Candidature at the EITI Global Conference in London in March 2005. Prime Ministerial Decree 2005/2176/PM on 16 June 2005 provides the legal basis for EITI implementation and establishes the EITI multi-stakeholder group, known as the Follow-Up Committee (‘Comité de suivi de la mise en œuvre de l’ITIE’). The Minister of Finance, HE Alamine Ousmane Mey, chairs the MSG in Cameroon and Agnès Solange Ondigui Owona is the National Coordinator.
The country is compliant under the 2011 Rules.
Cameroon's Validation against the 2016 EITI Standard started on 1 July 2017. Cameroon was found to have made significant progress in implementing the EITI Standard in June 2018. The EITI Board took note of Cameroon’s efforts to improving transparency and accountability in the extractive industries by providing a trusted source of data to inform public debate. The Board also welcomed the EITI’s impact in gradually enticing government agencies towards routine disclosures, evidenced by more regular publications by the national oil company, the Société Nationale des Hydrocarbures (SNH), including disclosure of oil sales. The full text of the Board decision is available online.
Cameroon's second Validation started in February 2020.
Cameroon's 2017 EITI Report covers extractive activities in the country for that fiscal year. This is the English version of the French version found above.
Cameroon's 2016 EITI Report covers extractive activities in the country for that fiscal year.
Cameroon's 2016 EITI Report covers extractive activities in the country for that fiscal year. This English version is a summary of the full French version found above.
This Validation has been concluded.Cameroon was found to have made meaningful progress.
Validation commenced on 1 July 2017.
Country visit: 2-6 October 2017
Secretariat initial assessment was completed on 19 December 2017.
The draft Validation report was circulated to the MSG on 17 January 2018, with a deadline for comments on 8 February 2018.
The Validation report was issued on 8 March 2018.
Cameroon's 2015 EITI Report covers extractive activities in the country for that fiscal year.