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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.
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  • 40% of the sources lean Left, 40% of the sources are Center
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gabonactu.com broke the news in Gabon on Saturday, May 31, 2025.
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