Thursday, November 23, 2017

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Management of investments

Create a national mining company with the intention of securing a more active role of the government in the development of mining projects.

The mining codewhich was enacted in January 2015 establishes for the benefit of the government a systematic right of participation of 10% free of charge and non dilutable in the capital of any company exploiting concessible substances.

In other words, any mining company in the exploitation phase must give the government of Gabon 10 % of their capital free of charge.

The contribution may reach up to 25% of the concerned mining company.

The mining code endorses SEM as the National Operator which missions include managing government investments.

SEM already possesses the government investment (28.45%) in the Compagnie Minière de l’Ogooué (COMILOG), the first mining operator in Gabon.

See the mining code by clicking on the document below