The rationale for Additional Financing is both to cover costs overrun and scale up selected activities for Mining Sector Capacity Building Project (PRECASEM). The Development Objective of this US$ 30 million IDA-financed operation is to improve (i) the efficiency and transparency of mining sector management and (ii) the frameworks for sustainable mining development.
Component 1. Access to Mineral Resources and Governance of Mining Operations.
The main objective of this component is to address fundamental impediments to providing access to mineral resources and managing mining operations in an efficient and transparent manner, and under frameworks that comply with sustainable development principles. To achieve this, the project will support the following: A.1 Program of Geo-data Acquisition, Organization, and Promotion (extension) A.2 Management of Mineral Rights and Operations A.3 Transparency and Accountability in the Mining Sector
Component 2. Integration of Mining into Local and Regional Development. The main objective of this component is to improve the integration of mining operations into local and regional development. The additional financing introduces the following changes. 1. Support to Artisanal Mining Formalization 2. Coordination between Mines, Forests, and Environment Stakeholders 3. Local and Regional Linkages and 4. Framework for Mining Infrastructure Development.
The parent project is Cameroon Mining Sector Technical Assistance Project (P122153)
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