Mining

Gabon: a new, more elaborated and better structured code on the mining potential

Wednesday, 29 July 2015 08:09

(Ecofin Agency) - Gabon adopted a new mining code which repeals and replaces, subject to the application texts, the bill of law n5/2000 of 12 October 2000 on the Mining Code in the country as well as all previous contrary provisions.

The new code has 356 articles, against 220 for the previous one, expresses the vision of the head of state who wishes for Gabon to be an emerging country by 2025 and turns out to be “more elaborated and better structured”, commented the Société Equatoriale des Mines (SEM) in a press release of which the Ecofin Agency received copy. Its preparation was made necessary with the concern of increasing the contribution of the mining sector to the national economy, clarified this company which serves as the national operator, stated the communiqué.

The expected contribution will come, in particular, through the speeding up of the research effort, the local processing of a bigger share of the ores and the increase in the local value creation.

The consecration of SEM, as national operator, “strengthens the role of the state as partner on the operational as well as on the financial plan”, explained Fabrice Nze-Bekale, CEO of SEM.

Through SEM, the state shares with the operators the risks linked to the exploratory and operational activities. The new mining law brings an official clarification on the attributes of SEM, he added. According to the press release, this new mining code which considerably relaxes the granting conditions of mining titles, devotes more efforts to the respect of the environment and corporate responsibility of companies.



 
Finance


 
Telecom


 
Public Management


Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

Please publish modules in offcanvas position.