Why Eramet’s subsidiary Comilog is opting out of Gabon Maboumine niobium mine

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”. 

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            ▪ 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”. 

https://www.africabusinessplus.com/en/813873/why-eramets-subsidiary-comilog-is-opting-out-of-gabon-maboumine-niobium-mine/

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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