Cameroon Bets $3.1 Billion on Iron Ore to Outrun Oil Decline

Africa · Central Key Facts —Revenue target. Cameroon expects annual mining revenue to exceed 1 trillion CFA francs ($1.75 billion) in the short term, overtaking oil. —Iron ore investment. Three flagship iron ore projects will absorb 1,748 billion CFA francs ($3.1 billion) between 2026 and 2030. —New mining code. A 2023 law mandates at least…