Dangote lands five-year approval for pozzolan quarry in Cameroon
(Business in Cameroon) – According to reliable sources, the Ministry of Industry and Mining has granted the Cameroonian subsidiary of Dangote Cement, owned by Nigerian billionaire, Aliko Dangote (photo), a five-year approval for a 27 hectare pozzolan quarry in Tombel in South-West Cameroon.
In addition to annual royalties (the amount has not been disclosed) that the company will have to pay to the Tombel district and neighbouring communities, Dangote Cement reassured local residents and district leaders that 100 local jobs would be created within the framework of the pozzolan quarry.
The raw material excavated from this quarry will help produce cement in the Nigerian billionaire’s factory built on the banks of the Wouri River in Douala, Cameroon’s economic capital, which is scheduled to officially be launched in this October 2014.
A 50 billion FCFA investment, the Dangote cement factory will produce a million tonnes of cement per annum, once launched. The cement factory will bring Cameroonian cement production to over 3 million tonnes (1.6 million tonnes for the Lafarge group’s Cimencam and 500,000 tonnes for Moroccan company, Addoha’s CIMAF to meet an official demand estimated at 2.5 million tonnes.