French Mining Group Digs in as Gabon Tightens Grip on Manganese Exports
- The Gabonese government announced it will ban raw manganese exports starting January 1, 2029, to reshape its mining sector.
- This move aligns with Gabon's efforts to expand its local processing industry, enhance workforce expertise, and increase the economic benefits derived from its natural assets.
- Eramet, the main shareholder in Comilog, Gabon's largest manganese producer, acknowledged the ban and pledged to safeguard over 10,000 local jobs.
- Eramet's shares fell as much as 5.5% after the announcement, reflecting market concerns over its export-oriented production model.
- The ban aims to stimulate domestic industry and increase tax revenues, with the government giving three years and planning a public-private fund to support the transition.
Insights by Ground AI
Does this summary seem wrong?
18 Articles
18 Articles
Eramet's shares slide as Gabon plans manganese ore export ban
Shares in Eramet fell sharply on Monday after Gabon announced an export ban on unrefined manganese from 2029, potentially upending the French mining group's massive export-orientated production of the steel ingredient in the West African country.
·Johannesburg, South Africa
Read Full ArticleGabon to End Raw Manganese Export abroad, set for local processing to create economic value - The Zambian Observer
Gabon is the next African country making a big move in localizing their minning industry. It has been reported that the Central African country has planed to pass a law banning raw export of Manganese. If all stake holders come into an agreement and everything goes as planned, the ban will be effective January 1, […] The post Gabon to End Raw Manganese Export abroad, set for local processing to create economic value first appeared on The Zambian…
·Zambia
Read Full ArticleCoverage Details
Total News Sources18
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
Factuality
To view factuality data please Upgrade to Premium