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– Strengthen the competitiveness of mining sectors

Gabon has a subsoil that presents enormous potential in mineral resources with more than 900 mining indices: iron, manganese, gold, diamonds, niobium, rare earths and phosphates.
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However, until 2009, the mining sector was mainly based on the exploitation of manganese and contributed little to the economy (4% of GDP, 1.3% of non-oil budget revenue, 1,500 formal jobs).
The PSGE has marked a new ambition: to make the mining and metallurgical sector a major pillar of the Gabonese economy, by diversifying the exploitation of minerals (iron, gold, phosphate, rare earths, construction materials, in addition to manganese) and by improving the added value of the sector through local processing.
The objective is, on the one hand, to triple the added value of the sector by 2020, by locally promoting 35% of manganese ore production and on the other hand, to create a large economic hub in the Moanda – Franceville area, providing 30,000 jobs.
A new, more attractive Mining Code that better protects Gabonese interests was introduced in 2015, marking a major shift in the sector's regulation. This new mining code notably allows for advances in good governance and transparency in the management of mining activities. It introduces more flexible taxation during the exploitation phase and promotes SMEs and SMIs through a national preference rule.
Two world-class projects have been initiated and are due for completion: Belinga and Maboumines. Belinga is one of the few known world-class high-grade iron ore deposits that have not yet been exploited.
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The State has contracted technical assistance to characterize the site's mining and economic potential, in order to best negotiate, with world-class operators, the co-exploitation of this mineral deposit, within a business plan and environmental and social specifications that correspond to Gabon's strategic priorities. The exploitation of the Bélinga deposit should enable the development of a competitive metallurgical industry in the production of iron pellets. Thousands of jobs will thus be created in the rural province of Ogooué-Ivindo.
Maboumines is shaping up to be a world-class mining project in the development of rare earths. The Mabounié polymetallic deposit, located about forty kilometers from Lambaréné, is richly endowed but presents significant technical and financial constraints to achieve sustainable development. The result of a partnership between the Gabonese government and the ERAMET group, this large-scale project is currently in its initial development phase. New investors could be involved.
The Government intends to boost mining exploration and improve the capital intensity of operators in alluvial gold mining, which has significant potential that is still undervalued. Active investment promotion will be carried out for the local processing of manganese, in order to achieve the PSGE target of 30% of processing of the national resource produced annually.
To this end, the Government is committed to the development of mines in the territory and intends to implement the following measures:
• Putting the mining cadastre online;
• Promotion of investment in local manganese processing in order to strengthen the Moanda-Franceville cluster;
• Promotion of investment in alluvial gold mining;
• Strengthening of governance (regular CA and Performance Objectives Contract) and increased financial autonomy of the SEM; Signing of a memorandum of understanding between the SEM and the Australian company Core Mining for the evacuation of its production from the Avouma iron mine (Congo) via Gabon (Owendo mineral terminal);
• Awarding of exploration permits for the Minkébé gold deposit and the Bélinga iron ore deposit to the SEM, with a view to finalizing the exploration work (potential PPP with private investors who would provide the necessary funds for this work);
• Recapitalization with the contribution of new investors in the Maboumine project;
• Awarding of exploration permits for the Minkébé gold deposit and the Bélinga iron ore deposit to the SEM, with a view to finalizing the exploration work (potential PPP with private investors who would provide the necessary funds for this work);
• Recapitalization with the contribution of new investors in the Maboumine project.
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