Although oil and gas is Gabon’s economic backbone, the mining industry is claiming its place in the sun with the help of Gabon’s state-owned mining company Société Equatoriale des Mines (SEM), also known as Gabon Mining, which is in the process of developing four gold deposits in the country. The Camp 6 gold project located in the Bélinga area in north-east Gabon is the most advanced. Chantelle Kotze writes.
SEM, together with the government of Gabon, aims to rebalance the country’s economic drivers so that mining and oil and gas can all contribute to the country’s development.
Pursuant in the mission to actively participate in the development of Gabon’s mining potential, SEM has been actively exploring and promoting its mining licence areas, as it believes that discovering and exploiting new deposits is indeed a prerequisite to sustainable mining in Gabon. Formed by a presidential decree in 2011 to facilitate the development of Gabon’s mineral resources, SEM has been undertaking exploration at its four gold exploration projects, namely the Kolissen gold project in the Moyen-Ogooué province; the Mavenza gold project, also located in the Moyen Ogooué province; the Lombo Bouenguidi gold project in the Ogooué-Lolo province and the Camp 6 gold project in the Ogooué-Ivindo province.
Camp 6 update
SEM has undertaken prospecting activities for gold, which will expire in March 2016, at the Greenfi eld Camp 6 gold project since May 2014. While still a Greenfi eld operation, comprehensive exploration work was previously conducted in this area for iron….