New Bauxite Mining Venture in Cameroon Promises Thousands of Jobs

Sunday, January 4, 2009
Governments in Africa are taking steps to lure more investors to their mining sectors with friendly legislation and attractive tax breaks. One example is Cameroon, which has just wrapped up a deal with an American-led consortium to explore and exploit a bauxite deposit. The project will curb dependence on the country’s slumping oil reserves and create thousands of new jobs and infrastructure development.