Why Eramet’s subsidiary Comilog is opting out of Gabon Maboumine niobium mine
The group, led by Christel Bories, is paying off years of prospective investment in a project that has never been able to find its technical and economic “break-even”.
21/11/2022 at 19h23, by Africa Business+
The Gabonese state paid a symbolic one CFA franc to Comilog (a subsidiary of the French group Eramet) for the Maboumine exploration and pre-development mining project. Indeed, for many years, the group has struggled unsuccessfully to bring Maboumine (76% Comilog – 24% State before the deal) to an industrial phase due to several technical and economic reasons.
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