Gabon – Société Equatoriale des Mines (SEM), the state owned mining company in Gabon and the Guinea Conakry national mining company Société Guinéenne du Patrimoine Minier (SOGUIPAMI), last week signed a cooperation agreement that would see the two entities work in partnership to develop their mining projects.
The economic, financial, technical and scientific cooperation agreement will see the mining companies share best practices and reinforce their technical capacities while developing their mining projects.
The partnership stemmed from several meetings that enabled both entities to identify their specific needs and guide them in determining the main areas of cooperation.
SEM and SOGUIPAMI have committed to share their experiences in mining exploration, portfolio management and the promotion of mining heritage of both countries, while other areas of cooperation will be discussed and approved by both parties in the near future.
In addition, the SEM and SOGUIPAMI partnership includes the establishment of a Monitoring Committee, comprising two representatives from each company. The Monitoring Committee will provide a forum to address, approve and monitor the annual work programme and budget.
“As established in Gabon, Guinea Conakry – with its strong mining potential – has decided to also create a national mining company to ensure that the mining sector contributes to diversifying the country’s economy. Because Guinea Conakry has very similar mining resources to Gabon, we are able to collaborate on achieving beneficial goals both for SEM and SOGUIPAMI, says SEM CEO Fabrice Nze-Bekale.
This partnership illustrates SEM’s willingness to develop its projects through collaboration with other mining actors.