MINING SECTOR : Avangaz Trading Acquires Three Gold Processing Units in Cameroon
La voix des entreprises 
(LVDE) — The international trader Avangaz Trading DMCC, based in Dubai, has reportedly taken a significant step in its African expansion by securing a strategic mining contract in Cameroon. The announcement, which includes the acquisition of three industrial gold processing units, comes amid ongoing national concerns about traceability and governance in the country’s gold sector.
The information was released through Avangaz Trading DMCC’s corporate communications. Founded in 2020 in the United Arab Emirates, the company stated that it had secured an agreement allowing it to invest directly in Cameroon’s gold production, with a clear industrial orientation. According to the trader, this commitment has materialized through the acquisition of three modern gold washing and concentration plants designed to enhance technical performance and processing capacity for mineral concentrates from mining sites.
Avangaz Trading highlights an investment of several million dollars, aimed at strengthening on-site operations, optimizing precious metal recovery rates, and securing a steady supply of high-quality gold. The company explains that this strategy is intended to ensure better control over the entire chain—from extraction to trading—while integrating the quality, traceability, and transparency standards expected on international markets.
In its presentation, the trader emphasizes that this integrated positioning provides direct access to local production, reduces intermediaries, and improves the visibility of supply flows. This approach contrasts with recurring criticisms of Cameroon’s gold sector, often described as fragmented, weakly industrialized, and prone to informal practices.
The announcement comes in a sensitive context. For several years, official statistics on Cameroon’s gold exports have been controversial. Significant discrepancies persist between volumes declared by Cameroonian authorities and those recorded by some importing countries, notably the United Arab Emirates. These differences have fueled suspicions of undeclared exports and substantial fiscal losses for the state, regularly highlighted by international extractive governance monitoring mechanisms.
It is in this environment that the entry of an international player—claiming high industrial standards and a presence in over fifty countries—is being closely observed. Avangaz Trading asserts that it is pursuing a controlled growth strategy in Africa, relying on heavy investments and a structured organization. The group also claims a diversified activity in commodity trading, generating significant monthly financial performance.
The coming months will show how this project will integrate into Cameroon’s mining ecosystem, balancing expectations of transparency, economic sovereignty, and the need to capture more value from national gold production. Esther Grace
À propos de l'auteur
