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Bélinga bonus, uncertainty for CMEC

The Gabonese government is looking for a way out of its contract with a Chinese company to mine iron ore at Bélinga

New technical studies have found that the Bélinga iron ore mine in northeastern Gabon contains almost four times the original estimated resources and the Libreville government is actively looking for reasons to cancel its multibillion-dollar contract with the China Machinery Engineering Corporation (CMEC). When he took power in September 2009, President Ali Ben Bongo Ondimba announced that the government would look into unfavourable terms in the contract....

(This article contains approximately 571 words)

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