Libreville, 12 June 2015
– President of the Republic of Gabon, His Excellency Ali Bongo Ondimba, inaugurated Moanda's Metallurgical Complex (CMM, in French). Gabon is engaging in the processing of manganese locally.
President of the Republic of Gabon, His Excellency Ali Bongo Ondimba, inaugurated Moanda's Metallurgical Complex (CMM, in French) on Friday.
CMM, which is located in the province of Haut-Ogooué South-East Gabon), is a project initiated by the Compagnie Minière de l’Ogooué (COMILOG) as part of a partnership between Eramet and Société Equatoriale des Mines, the national mining company which possesses 28.45% of the shares of the jointure.
The complex consists of two (2) plants: one of silicomanganese and another of metal manganese. The silicomanganese plant has a capacity of 65,000 tons per year and is operational since august 2014. The activities of the second plant (metal manganese plant) with a capacity of 20,000 tons per year started last January.
CMM, a project which required an investment of 155 billion CFAF (US$300 million), is fuelled with electric power from the Grand Poubara dam. The facility, which was built by the Gabonese government, accounts for an investment of 200 billion FCFA (US$400 million).
According to Fabrice Nze-Bekale, the CEO of Société Equatoriale des Mines (SEM), “CMM is in line with the intention of industrializing Gabon’s mining sector, a sector which brings growth considering the country’s mineralurgic resources potential”. The complex will allow increasing the chain of value of part of the manganese mined, creating and developing local skills”.
This a major move for the materialization of the will of the Head of State to increase the rate of local processing of the natural resources produced in Gabon. On June 1st, 2013, during the 5th Tokyo International Conference on African Development (TICAD), the President of the Republic of Gabon stated that “Developing the African economy consist in permanently linking it to technical progress. The business world must set up fairer and more equitable rules for the transfer of technologies. This is why, I am suggesting you to make the commitment, here and now, to set 2020 as the date after which any commodity from Africa will no longer be exported without primary processing on the African territory.”
SEM is limited company wholly owned by the government of Gabon. The PSGE assigns the company with operational missions including possessing and managing, in the name and on behalf of the government, its interests in mining companies and developing mining titles in partnership with other operators.
In September 2014, the government transferred Société Equatoriale des Mines (SEM) the management of the interests of the government of Gabon (28.45%) in Compagnie Minière de l’Ogooué (COMILOG).
COMILOG is the major operator in Gabon’s mining sector. The company produced 3.7 million tons in 2013. With that production, Gabon ranks as the 2nd
producer of high grade manganese in the world.
The company’s certified reserves total 37.6 million tons of manganese and 150 million tons of mineral resources. Gabon’s reserves of manganese are estimated at 250 million tons.