SOUTHERN CAMEROONS
The former British Southern Cameroons is currently occupied by the military forces of Republique du Cameroun (the former French Cameroun) which began its occupation of the country in violation of international law in 1961 and completed the takeover in 1972. Southern Cameroons also includes the disputed oil rich Bakassi region which includes liberated areas not under the control of Republique du Cameroun. Military actions have taken place this year (2013) at Buea and Bakassi wherein dozens of unarmed Southern Cameroonians resisting the military occupation were summarily executed by forces loyal to Republique du Cameroun.
Kilimanjaro Capital as a trusted stakeholder in the economic future of Southern Cameroons holds a 100% concession from the Government of Southern Cameroons (GoSC) in the future hydrocarbon and mineral development of this country and has begun negotiation regarding the timber and agricultural sectors. Toronto Stock Exchange Venture Exchange company, Forest Gate Energy, has also taken a junior stake from Kilimanjaro Capital in the development of future hydrocarbon resources in Southern Cameroons.
The Southern Cameroons has a surface area of 43,000 sq. km and a current population of about 6 million people. It is located between Nigeria and Republique du Cameroun. It has frontiers to the west and north with Nigeria, to the east with Republique du Cameroun, and to the south with the Equatorial Guinean Island of Bioko. The borders are well demarcated by international boundary treaties. The natural resources of the Southern Cameroons include oil, gas, gold, timber, coffee, cocoa, tea, bananas, oil palm, rubber, wildlife, fish, medicinal plants, waterfalls and a wide variety of fruit and agricultural produce.
OIL
Kilimanjaro Capital's Southern Cameroonian concession includes commercial oil reserves located in the off-shore Rio Del Rey basin. Additional significant oil and gas reserves are believed to exist in Bakassi, Mamfe Basin and Mbem Valley. According to a Wood Mackenzie report of October 2011, Cameroon hosts liquid reserves of 0.21 billion barrels and has liquid production of 53,000 barrels per day. In 2003 Forbes Magazine reported Bakassi offshore blocks may contain some of the largest untapped oil reserves in Africa – 10 billion barrels. According to BBC News (August 2013) despite block assignments, energy exploration firms have steered clear of Bakassi due to the continuing unrest.
MINERALS
Southern Cameroons is known to be rich in precious metals minerals such as gold and diamonds. Commercially exploitable bauxite and manganese are also abundant. Despite the presence of promising mineral deposits, the region has been largely under explored.
OTHER ASSETS
Kilimanjaro Capital is the advisor and concessionaire to the Government of Southern Cameroons on future Agriculture and Forestry management.
Bakassi Peninsula Developments
In April 2013 Camerounian gendarmes attacked Bakassi indigenes allied with the Government of Southern Cameroons. There were several dozen causalities and thousands of refugees fled to neighbouring Nigeria. Kilimanjaro is supporting efforts by the Government of Southern Cameroons to document human rights abuses in the territory and secure redress for the victims through internal tribunals. The Government of Southern Cameroons has filed a complaint with the United Nations High Commissioner for Human Rights in Geneva and the Prosecutor of the International Criminal Court. Southern Cameroonian operatives have moved into the region on the heels of the Camerounian occupation which has brought about unpopular tax levies, property confiscations, and continuing harassment of the 300,000 Bakassi residents by Camerounian gendarmes.
