Core Points - The release of the "Solid Mineral Resource Reserve Reporting Rules (2025)" is significant for protecting the interests of mining investors and promoting integration with the international mining market [1] - The rules were developed under the guidance of the Ministry of Natural Resources and involve both domestic and international experts, based on national standards and international templates [1] - The rules consist of 20 sections covering principles for public reporting, scope of application, qualifications and responsibilities of competent persons, definitions, estimation and classification of resources and reserves, and overall reporting requirements [1] Industry Context - CRIRSCO, an important international organization involving major mining countries, provides key guidelines for capital market reserve disclosure reporting rules [2] - The China Mining Rights Appraisers Association joined CRIRSCO in 2018 and has been working on the development of solid mineral resource reserve reporting rules with support from relevant departments [2] - The trial version of the rules was released in 2020 and was accepted by all CRIRSCO members in 2024 [2]

Core Insights - The majority of businesses in Cameroon are locally owned, with 93.7% founded and 96.6% operated by Cameroonians, indicating a strong domestic entrepreneurial presence [1] - Nigeria holds a minor share of 0.9% in the business landscape, while foreign representation is minimal, with China, France, and other European countries maintaining some influence [1] - The third national business census recorded a significant increase in economic units, rising from 209,482 in 2016 to 438,893 in 2023, reflecting robust growth in the business sector [2] Business Ownership and Structure - 93.7% of enterprises are founded by Cameroonians, and 96.6% are operated by them, showcasing a strong local business environment [1] - Nigeria's share of businesses is declining, with only 0.9% of enterprises attributed to Nigerian nationals, indicating a shift in business demographics [1] - Foreign entrepreneurs, while fewer in number, hold a significant stake in company equity, particularly in sectors like extraction, energy, finance, and certain manufacturing [1] Economic Growth and Sector Distribution - The third census identified 438,893 economic units, with a notable concentration in Douala (33.0%), Yaoundé (19.7%), and the West region (9.7%) [2] - The overall business structure has shown vitality, with a growth rate of 109.5% from 2016 to 2023, maintaining momentum from a previous increase of 122.9% [2] - The tertiary sector comprises 85.6% of business units, a slight increase from 84.4% in 2016, indicating a stable service-oriented economy [2] - The primary sector saw a significant increase in enterprises, more than doubling from 353 to 1,469 due to the inclusion of small fishing and aquaculture activities in the census [2]