Cameroon Cracks Down On Under-Reported Gold Production

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Cameroon’s government announced Wednesday it was cracking down on its gold mining sector over discrepancies between the volumes produced and declared by companies, potentially costing billions in lost tax revenue.

Cameroonian authorities estimate that the illegal export of gold to the United Arab Emirates has deprived the state of around 2,000 billion CFA francs (about $3.5 billion) over the…

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