Cameroon's Bibemi gold project, led by Oriole Resources, aims to diversify the country's mining sector, with permit negotiations ongoing and a seven-year production plan in place.
Cameroon's gold sector gains momentum
Cameroon is slowly shifting its focus from hydrocarbons to gold mining, with the Bibemi gold project becoming a key player in this transformation. Oriole Resources, a junior mining company, aims to secure an exploitation permit by mid-2026, but the process is still ongoing.Updated permit application submitted
In December 2025, Oriole Resources submitted an updated application for the exploitation permit. This version includes progress made on the project since the initial 2024 submission, such as results from a preliminary economic study (PEA).Ongoing negotiations with authorities
According to Oriole Resources' September 2026 report, the company has held several meetings with the state mining company SONAMINES and the Ministry of Mines. These discussions are described as "ongoing negotiations" expected to conclude in the coming months.Customs discussions underway
Martin Rosser, CEO of Oriole Resources, mentioned positive exchanges with the Cameroon Customs General Directorate following a meeting. However, the company has not disclosed the specifics of these discussions, which are part of the broader process to finalize the mining agreement.Bibemi project details and goals
The Bibemi project plans to establish a small open-pit gold mine with an estimated seven-year lifespan. The project aims to produce 72,000 ounces of gold (2.24 tonnes) and requires an initial capital of 60.4 million USD for construction.Cameroon's broader gold development
Bibemi is one of several future gold projects in Cameroon, including Mborguéné, Mbe, and Colomine. These projects are expected to contribute to the country's growing gold sector, with environmental and social impact studies already approved for Bibemi.Company's focus on expansion
Beyond securing permits, Oriole Resources is exploring ways to optimize its operations and potentially expand. The company is relying on mineral resources, which have a lower confidence level compared to reserves, to support its mining project's prospects.
