https://www.engineeringnews.co.za

Gabon State mining co forms JV to explore manganese resource

Gabon State mining co forms JV to explore manganese resource

Photo by Bloomberg

27th June 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Gabonese State-owned mining company Société Equatoriale des Mines (SEM) and Dubai-based group Navodaya Trading DMCC (NTDMCC) have announced a joint-venture (JV) partnership to explore and develop the manganese deposit in Okondja, in eastern Gabon.

The JV, dubbed Gabon Manganese & Ferroalloys, would be 85% owned by NTDMCC and 15% by SEM and would advance all activities related to the prospecting, exploration and mining of the deposit’s ore.

The company would also conduct the ore processing, conditioning, storage and marketing activities of the deposit, which, according to a 2005 report by the Brazilian mining group Vale, offers reserves of 27-million tons of manganese with a grade of between 35% and 40%.

“The findings of the initial works confirm the potential of the deposit and there is the possibility of adding to the reserves by prospecting in the surrounding plateaus,” commented SEM business development & strategy manager Dr Bareja Youmssi.

Exploration of the deposit would be funded by both partners in proportion to their shares in the project, while GMFA would be managed by a board of seven directors, appointed by both parties, and an executive board, headed by NTDMCC.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.076 0.13s - 156pq - 2rq
Subscribe Now