GABON -TALKS TO EXPLOIT IRON ORE BEGIN Gabon had opened initial talks with companies to develop the 1 billion ton Belinga iron ore deposit and would launch a formal tender process in 2016, the state mining firm has said………….. In the meantime, we are having conversations with serious parties who are interested,Societe Equatorial des Mines chief executive Fabrice Nze-Bekale said yesterday, without naming the parties. Belinga is one of the Worlds largest untapped reserves of iron ore, but exporting the ore will not be easy because the deposit is separated from the coast by hundreds of kilometers of dense rainforest.………..My good people, Africa is never short of the supply of natural resources but for it to be exploited a very capital intensive investment process must be undertaken by the desired investors. However the biggest challenge to investors in Sub-Saharan Africa is its poor infrastructures. Gabon for example, is blessed with a great deposit of Iron ore which is in high demand at this moment in the global market but in many ways than one, the infrastructures limitations of Gabon might turn potential investors away. This is not limited to Gabon alone but many other African countries. Like to hear your opinion Have blessed day all Thanks
Posted on: Thu, 19 Jun 2014 02:44:19 +0000
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