jeudi, juillet 27, 2017

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FAQs

Is SEM a government department?


No, SEM is not a government department. SEM is a “Société d’Etat”, i.e. a limited liability company (S.A.) that is 100% owned by the Government of Gabon.

Does SEM regulate the industry in Gabon?


No, SEM does not regulate the mining industry in Gabon. The Ministry in charge of Mines is responsible for all regulatory services. SEM is a private company and therefore does not regulate nor does SEM grant permits in Gabon.

What is the reason SEM was created?


SEM was created to manage, on behalf of the State, its equity participation in mining companies, and to run in the Republic of Gabon or abroad, alone or through joint ventures, any mining related project. It is on that basis that SEM is in charge of the following activities within the mining sector in the Republic of Gabon: Developing and exploiting its mining permits; Increasing the value add of its mining production; Improving the geological and mining knowledge of the country; Developing small scale mining; Transforming part or all of the mineral production locally; Marketing precious minerals. SEM can execute or participate in any financial, commercial, technical or other transaction directly or indirectly relating to the mining industry.

Does SEM report to a Ministry?


SEM is attached to the Presidency of the Gabonese Republic and falls under the technical supervision of the Ministry in charge of Mines.

How can SEM help an investor looking to break into the Gabonese mining market?


SEM is continually looking for financial and technical partners who wish to engage with SEM on projects in Gabon. Please feel free to contact us directly with any proposition you may have. Contact us now!

What is the structure of SEM?


SEM is a private company (SA) that is 100% owned by the Government of Gabon. The company was created by the Presidential Decree n°1018 dated 24 August 2011 relating to the creation, the missions and the organisation of SEM.

How do you initiate contact with SEM


Contact with SEM can best be initiated via email or by filling in our contact form.

What is CGCO and what is its relationship to SEM?


CGCO (Comptoir Gabonais de Collecte de l’Or) is a 100% SEM owned subsidiary that is responsible for the collection of artisanally produced gold in Gabon. Click here for more information on CGCO’s activities.

Which professional code of practice is used to report exploration results, mineral resources and ore reserves in Gabon?


The Canadian National Instrument 43-101 (the “NI 43-101″ or the “NI”) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the JORC Code’) are both acceptable reporting standards in Gabon

What steps is the government taking to promote mining investment in Gabon and are there any specific fiscal incentives?


The Government of Gabon is committed to encouraging FDI in the mining sector in Gabon. More specifically, the government is implementing reforms through a new Mining Code, which is to be reviewed by the Parliament soon before coming into use. The new code will be investor-friendly and will include, among other things, generous tax exemptions in line with international market practices.

Does SEM apply for licenses like other operator in Gabon?


The Government of Gabon is committed to encouraging FDI in the mining sector in Gabon. More specifically, the government is implementing reforms through a new Mining Code, which is to be reviewed by the Parliament soon before coming into use. The new code will be investor-friendly and will include, among other things, generous tax exemptions in line with international market practices.

What is the relationship between SEM and Gabon Mining?


SEM and Gabon Mining are in fact the same organisation. SEM (Société Equatorialedes Mines) is the legal name whereas Gabon Mining is the commercial name.