Buying Gold In Cameroon – Where to buy Gold online in Cameroon

Buy gold online in Cameroon

Are you looking forward to buying Gold online in Cameroon? Then, this post is right for you. We’ll enlighten you all about how to buy gold in Cameroon, what is required to do, the reputable companies to buy from, and background information about gold in Cameron.

Background about Gold in Cameroon

The gold mining began under colonial administration, in Cameroon, which is around 1930 and reached its peak during World War II when it contributed 20 percent of GDP. Much gold produced after independence was traded in secret gold markets. Before “Operation Gold” was launched in August 2011, it was estimated that 95 percent of the 179 kg of Cameroonian gold produced from craft mining.

CAPAM announced that as of 6 December 2011, “Project Gold” had succeeded in channeling approximately 20 percent from five gold mining sites into structured circuits, hoping to reach 70 percent by the end of this year. This success is a result of the synergy generated by CAPAM, the Ministry of Defence, the Ministry of Mines, Industry and Technological Development, and the Ministry of Finance, as well as advanced technology-based Small Scale Miners Common Initiative Groups (Gicamines) and mining companies.

CAPAM officials are optimistic that with increased gold reserves, Cameroon will be able to increase its circulating currency, its ability to borrow at preferential rates to finance major development projects, and its Special Drawing Right (SDR) from the IMF.

Cameroon is on track to achieve its target of substantially increasing gold production, as new gold deposits have been found in various parts of the country, including the South West and North West regions.

The officials of the Small–Scale Mining and Promotion Framework Unit (CAPAM), which is an outfit created by the government to funnel gold into the mainstream of industrial production, told CameroonPostline.com in Bamenda that six new goldfields were found in Cameroon to add to the other half a dozen that had already been reported.

The new goldfields are in Misaje (Region North West), Mamfe (Region South West), Ebolowa, Sangmelima, Bipindi-Lolodorf, and Okala. Garoua Boulai, Betare Oya, Colomine, Batouri, Meiganga, and Tchollire have other gold deposits to be found.

It was already recognized that in these localities, small quantities of gold were visible, but what CAPAM has now ascertained is that there are bigger deposits. CAPAM experts began re-grouping the Misaje population in Donga Mantung Division into cooperative societies in August 2011, to train them on how to identify gold. The same experiment was carried out in the different locations where new goldfields were found.

Cameroon is worth several tens of thousands of carats in gold today, with the discovery of new goldfields. This has rekindled expectations of improving production and increasing Central Bank gold reserves within the CAPAM-supervised “Operation Gold” system.

CAPAM officials are optimistic that with increased gold reserves, Cameroon will be able to increase its circulation currency, its ability to borrow at preferential rates to finance major development projects, and its Special Drawing Right (SDR) from the IMF.

Nonetheless, insiders in the mining industry argue that Cameroon has spent more time admiring its mineral wealth over the years than exploiting it. Unfortunately, Cameroon, endowed with solid, gaseous, and liquid resources, has been quite slow to explore and exploit them for the good of its people, they say. For decades, administrative bottlenecks and corruption have chased away many mining companies that intend to set up shop in Cameroon.

How to Buy Gold from Cameroon

Seem to be you ready to buy Cameroon Gold. Don’t be in the early because there are guidelines that you need to follow first so you can buy Cameroon gold.

If you entering into the business of buying gold and other precious metals in the exit area (Cameroon, Chad, Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo) would require an exit buyer permit. The exit buyer’s license is a license that guarantees that all transactions are made, approved, and checked by the government through the ministry.

Visit the Ministry of Mines, Industries and Technological Development which is found at the Ministerial Building, Yaoundé, buyers currently residing in Cameroon may apply for an EXIT Buyer’s Permit in person. If you’re not actually in Cameroon, it won’t be a problem at all to get the EXIT Buyer’s Permit as you can do it directly online.

The EXIT Buyer’s Permit shall be valid for five (5) years The primary purpose of the EXIT Buyer’s Permit issued by the Ministry of Mines is to authenticate the buyer and grant him/her the legal right to buy gold and other minerals in Cameroon. No approved seller is allowed to sell to anyone not holding a valid EXIT Buyer’s Permit.

Please request for their seller’s license before buying from any seller in Cameroon and search for its validity on the License Verification Site. If you note that you were given an incorrect license number by someone pretending to be a seller, please contact us for guidance on how to proceed with your contract, as such a seller may not be genuine.

Where to buy Gold online in Cameroon

Many companies are claiming to sell gold online in Cameroon, but not all are legit. Thus check out these companies to know where to buy gold online in Cameroon. The companies have a good reputation, and you can trust them and make contact to make your order.

Alpha Trading Company Ltd

If you’re looking to buy gold online, Alpha Trading Company Ltd Cameroon is the best place to come to. They set about making this site the largest manually designed directory for gold-related companies. Their main objective is to provide a free website that can be used by the Best place to buy physical gold customers and small businesses to connect so that everyone involved can benefit from it easily.

Dedicated to ensuring you buy African gold bars, gold nuggets, gold coins, gold dust, and diamonds without being scammed. We no longer work under Cam Mine Company. Today it is a private group of Gold and Rough Diamonds Collectors and can do worldwide shipping and distributing. Purchase Polish and Rough Gold, Buy Rough Diamonds.

Alpha Trading Company Ltd is the best in Cameroon place to buy gold and diamond. Alpha Trading Company Ltd are not only gold mining and export company but are one of the top key players with an impeccable reputation when it comes to this topic. More so, it is their joy to be at the forefront of the mining industry in Cameroon. 

Alpha Trading Company Ltd are a licensed producer and manufacturer in Bertoua, East Cameroon region, in the Douala, littoral district, Cameroon area. Founded in 1999, before miners specialize in gold dust goods, ranging from gold bars, gold nuggets, gold dust, gold dust, and various gold & gold jewelry styles.

Alpha Trading Company Ltd are a private organization, which produces 4000000000 annually before miners are licensed as legal representatives using initial business capital.

The company sells gold in all types and also optimizes them to various levels of quality based on existing demands and contracts for services. Gold nuggets, Gold Dore Bars, Gold Bars, and Gold Dust are amongst their gold products.

Contact Details

Address: Headquarters:

Website : www.alphatradingcompanyltd.com
Call / WhatsApp : +237668143746
Address : P. O. Box 245 Rue du Mgr Yves Plumey , Garoua Cameroon
Email : [email protected]

The company is registered in Cameroon and, through our partnerships with numerous prestigious bodies like MINMIDT, CMC, WAMC, MFC, and CCIMA, has gained national, regional (CEMAC) and international recognition.

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