On the occasion of a visit the king “Mohamed VI” made in Libreville, Gabon and Morocco, which have been developing intensively their cooperation in various fields for several years, signed two partnerships in the field of natural resources.
“The agreements we signed with Morocco are totally in line with the new policy we are implementing in Gabon so as to improve the management of natural resources » Régis Immongault, the Gabonese Minister of Mines , the Industry and Tourism explained.
« By counting on the existing synergies between our countries, we are planning to both optimize natural resources’ exploration and extraction, but also upgrade them by creating a local processing industry » Fabrice Nzé-Békalé, the CEO of SEM (Société Equatoriale des Mines) stated. SEM (Société Equatoriale des Mines) is the main tool of the country, along with the Ministry of Mines, for the promotion of its mining potential.
Create an industrial fertiliser industry
Based on the determination of both countries to develop at best their respective natural resources, Morocco – which was represented by Moulay Hafid Elalamy and Dr. Abdelkader Amara, respectively Minister of the Industry, Commerce, Investment and Digital Economy and Minister of energy, Mines, Water and the environment, and by the OCP Group – and Gabon, represented by Régis Immongault and Etienne Ngoubou, respectively Minister of Mines and Minister of Oil and Hydrocarbons and the SEM, signed a partnership for the creation of an industrial fertiliser industry.
Morocco has indeed large phosphates resources, which are exclusively exploited by the OCP Group which became the world’s leader in the extraction and processing of such ore. Gabon, as for it, has large reserves of natural gas and potential resources in phosphates and potash.
According to British Petroleum (Statistical Review of World Energy – 2010), Gabon has more than 30 billion cubic meters of proved natural gas. The government is currently conducting a proactive policy for the exploitation of such reserves through the implementation of a master plan and the creation of a Code of Oil providing investors with a more attractive environment. The development of a petrochemical industry and the production of electricity are currently the priority markets for the use of such natural gas.
As for phosphates, the Gabonese soil contains two types thereof:
The Gabon and Morocco’s upgrading of such large resources through a joint structure will then allow the creation of an integrated industry for the production of fertilisers, a strategic sector in Africa as part of the necessary development of the continent’s agricultural production.
The agreement provides that such joint venture will be based both in Gabon and Morocco, and that it will be totally integrated in so far as it will cover all the activities, from the mining production to the marketing of fertilizers, including the production of ammonia and phosphoric acid.
Accelerate the exploitation of Gabon’s mining potential
A second agreement was signed between SEM and ONHYM (l’Office National des Hydrocarbures et des Mines du Maroc). It establishes a scientific and technical partnership between both companies.
Faced with the quick development of the mining activity in Gabon, SEM is concretely planning to take advantage of the experience and expertise gained by the ONHYM in mines and oil.
The fields of practical cooperation will be as follows:
A new management of natural resources for the development of Gabon
Created on August 24, 2011, by a presidential decree, the Société Equatoriale des Mines’ main mission is to improve the Gabonese people’s life by making them benefit, in total transparency and fairness, from the responsible development of the mineral resources which abound in the country’s soil. The company’s actions are completely in line with the strategy for the development of the Emerging Gabon initiated by President Ali Bongo Ondimba since 2009.
A State-owned company with a private-company’s management, SEM is involved in the whole value chain of the mining industry, from exploration to marketing, and has the ambition to become a world-class mining company creating value for Gabon through excellence.
Their main missions are:
In order to achieve its objectives, on a daily basis, SEM acts up to their values: loyalty, entrepreneurship, integrity and the respect of their working environment, for the legislation and for individuals.
For further information, please contact
Mrs. Isabelle De Pina
Tel.: (+241) 01 72 20 88
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