Andrew Forrest, CEO of the Fortescue Group, the main shareholder in the development of the very rich Belinga iron ore deposit, outlined the development prospects to the President of the Transition, General Brice Clotaire Oligui Nguema, on Monday during an audience in New York (USA).
Andrew Forrest focused his communication with the Gabonese number one on training young Gabonese people in careers related to mining.
Last week, the Fortescue group, through its Gabonese subsidiary, Ivindo Iron, launched a recruitment campaign for young intellectuals from Ogooué Ivindo who must follow qualifying training in mining professions (exploration, exploitation and transformation).
Bélinga is a vast iron ore deposit, located in the province of Ogooué-Ivindo, particularly in the district of M’vady.
The deposit, discovered in 18952, is estimated to contain reserves of one billion tonnes.
Its exploitation, launched several times, has each time failed for various reasons. The remoteness of the deposit from the railway and electrical problems have often been the main obstacles to the development of this resource. The fluctuation of the price of iron on the international market is also one of the factors that delays exploitation.
At the last China-Africa summit, Gabon concluded agreements with Chinese companies to build a railway line linking Bélinga to Mayumba. The construction of a deep-water port in Mayumba as well as the construction of a hydroelectric dam with a capacity of 400 to 600 megawatts in Booué.
Fortescue has already made serious progress in developing this deposit, the revenues of which will contribute to the diversification of the Gabonese economy, which is too dependent on oil revenues.
Carl Nsitou
2024-09-23 21:22:43
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