Geovic To Bounce Back

The American-Canadian company, Geovic Mining Corporation that had started mineral exploration in Cameroon wants to bounce back to mine cobalt, nickel and manganese at the Nkamouna site in Lomie Subdivision of the Upper Nyong Division in the East Region.
Mike Mason, the Chief Executive Officer of Geovic in a Unity Palace audience with President Paul Biya in Yaounde on July 25, disclosed the readiness of the company to invest in the cobalt and nickel mining in Cameroon. What the company officials need is just the signing of some documents for the project to start. The project, Mike Mason said, would run for over 40 years in Cameroon. It will recruit 700 full time workers and provide 2,000 indirect jobs.
Geovic is not a new name in the Cameroon mining sector. On July 31, 2002, Geovic and Cameroon government officials signed a mining convention. Its Article I stated that, “This Convention, supplemented by its Annexes which are part and parcel thereof, lays down the reciprocal rights and obligations of the Parties. It defines the general, legal, financial, tax, economic, administrative, customs, social, land and environmental condit...