Rough Diamonds from Cameroon and Central African Republic

 

Medicam Limited Announces Plans to Explore the Re-Launch of its rough diamond and gold buying operations. Jan. 5th, 2016)

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Jan 5th 2016 09:03:00 GMT+1

Douala, Cameroon–( 01/05/17) – Medicam Limited Reg#M041300046246J (“Medicam” or the “Company”), an innovative investment and development company headquartered in Douala, has been awarded mineral purchase rights by the Ministry of Mines, Industry and Technology Development Authorization Decree 00922/MINMIDT/SG/DM/SDAM/SAMPM/2014. The Company also licensed in the Central African Republic plans to explore the re-launch of its rough diamond and gold buying operations. The Company has a long history in the trade of rough diamonds and gold. The Company had previously ceased operations as the civil war in Central African Republic commenced. The Companies management are respected members of the international, Cameroon and Central African business community. The Company made the decision to halt diamond purchases in Cameroon due to UN Embargo on Central African Republic conflict minerals. Now that the situation has stabilized and the ban on diamonds is lifted. Medicam will once again explore opportunities in the fair trade of rough diamond and gold.  Medicam was formally invited back by the President of Central African Republic Faustin-Archange Touadéra.

‘Surprisingly there is a lot of high quality diamond in this Eastern region of Cameroon and Central African Republic. Large stones are being found often and the quality of goods is on par with West African rough diamonds. We are excited about a potential restart up, this industry and the miners have been hurt from conflict and lack of investment. We see the right opportunity to explore a new start up given our close relationship with the Government.  It’s our intention to be a supplier for our international partners and end users.’ Adriaan Du Plessis, Vice-President, Medicam Limited.

The Company is now in process of finalizing operational aspects of the trade. The Company is open to dialogue of potential investors and strategic partners.

About Medicam Limited:

Medicam Limited was established in 2013 in the Republic of Cameroon. Medicam is made up of a multi-national management team. Medicam group’s primary focus is to be a leader in the development of Cameroon into an Emerging Market prior to 2035 target goals. The Company is licensed operator or asset holder of minerals, media entertainment, water/beverage, healthcare, defense, agriculture, real estate development, credit union finance, general consulting, deal facilitation.
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ON BEHALF OF THE BOARD
Medicam Limited

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Alexander D. Powers
President and CEO

info@medicam.cm

diamonds of cameroon

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