REPUBLIC OF CAMEROON PEACE - WORK - FATHERLAND
DECREE No. 2020/750 of 14 DEC 2020 to approve the articles of association of the National Mining Corporation
# THE PRESIDENT OF THE REPUBLIC,
Mindful of the Constitution;
Mindful of the OHADA Uniform Act on Commercial Companies and Economic Interest Groups, adopted on 30 January 2014 in Ouagadougou;
Mindful of Law No. 2016/17 of 14 December 2016 to institute the Mining Code;
Mindful of Law No. 2017/11 of 12 July 2017 to lay down the general rules and regulations governing public corporations;
Mindful of Law No. 2018/11 of 11 July 2018 to lay down the Cameroon Code of Transparency and Good Governance in Public Finance Management;
Mindful of Law No. 2018/12 of 11 July 2018 relating to the financial regime of the State and other public entities;
Mindful of Decree No. 2011/408 of 9 December 2011 to organize the Government, as amended and supplemented by Decree No. 2018/190 of 2 March 2018;
Mindful of Decree No. 2019/320 of 19 June 2019 to lay down conditions for implementing some provisions of Laws No. 2017/11 and No. 2017/11 of 12 July 2017 to lay down the general rules and regulations governing public establishments and public corporations;
Mindful of Decree No. 2019/321 of 19 June 2019 to lay down categories of public corporations and the remuneration, allowances and benefits of their managers;
Mindful of Decree No. 2020/749 of 14 DEC 2020 to set up the National Mining Corporation,
# HEREBY DECREES AS FOLLOWS:
ARTICLE 1: The Articles of Association of the National Mining Corporation, as appended hereto, are approved.
ARTICLE 2: This decree shall be registered, published according to the procedure of urgency and inserted in the Official Gazette in English and French.
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Yaounde, 14 DEC 2020
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# ARTICLES OF ASSOCIATION OF THE NATIONAL MINING CORPORATION (SONAMINES)
# CHAPITER ONE FORM – PURPOSE – NAME – HEAD OFFICE – DURATION – SUPERVISORY AUTHORITY
I. CORPORATE NAME
ARTICLE 1: These Articles of Association shall govern the National Mining Corporation, abbreviated and hereinafter referred to as “SONAMINES”.
II. CORPORATE FORM
ARTICLE 2: (1) SONAMINES shall be a public limited company (PLC), with the State as sole shareholder.
(2) Notwithstanding the provisions of Article 2(1) above, the shareholding of SONAMINES may be open to other public or private entities.
(3) SONAMINES shall also be governed by the provisions of:
- the laws and regulations in force;
- the OHADA Uniform Act on Commercial Companies and Economic Interest Groups, adopted at Ouagadougou on 30 January 2014;
- Law No. 2016/17 of 14 December 2016 to institute the Mining Code;
- Law No. 2017/11 of 12 July 2017 to lay down the general rules and regulations governing public corporations;
- Law No. 2018/11 of 11 July 2018 to lay down the Cameroon Code of Transparency and Good Governance in public finance management;
- Law No. 2018/12 of 11 July 2018 on the financial regime of the State and other public entities;