Ben­e­fi­ci­a­tion plan for min­ing

The Star Early Edition - - INTERNATIONAL -

GABON, Africa’s sec­ond­biggest man­ganese pro­ducer, wants to part­ner with pri­vate com­pa­nies to process most its min­er­als lo­cally be­fore ex­port­ing them, Min­ing Min­is­ter Chris­tian Mag­nagna said. Lo­cal pro­cess­ing will boost the min­ing in­dus­try’s con­tri­bu­tion to GDP from the cur­rent 2.1 per­cent to at least 4 per­cent as the cen­tral African na­tion seeks to make its econ­omy less de­pen­dent on oil, Mag­nagna said in the cap­i­tal, Li­bre­ville. The coun­try’s main man­ganese mine in Moanda pro­cesses about 6 per­cent of its to­tal out­put, which stood at 3.8 mil­lion tons last year. “For­eign direct investment in our min­ing sec­tor is low, and the share of min­ing in our GDP is weak,” Mag­nagna said. – Bloomberg

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.