Gabonese government signs exploitation agreement for Okondja with Nouvelle Gabon Mining
2020-01-07 17:38:28 [Print]
After five months of negotiations, the Gabonese government and Nouvelle Gabon Mining, the Indian company, signed an exploitation agreement and have started a large-scale exploitation at the manganese deposit Okondja, in the southeast of the country
According to the agreement, the RMP will be immediately applicable at the start of production at a rate of 5%. After the return on investment, the company will be subject to a corporation tax up to 30% and the RMP will rise from 5 to 10% . In addition, 10% of its commercial production will be made available to Gabon for production sharing.
Nouvelle Gabon Mining is a company with Indian and Gabonese capital. It produces manganese ore in the Haut-Ogooué province.
. The reserves at Okondja site are estimated at several million tons.According to the agreement, the RMP will be immediately applicable at the start of production at a rate of 5%. After the return on investment, the company will be subject to a corporation tax up to 30% and the RMP will rise from 5 to 10% . In addition, 10% of its commercial production will be made available to Gabon for production sharing.
Nouvelle Gabon Mining is a company with Indian and Gabonese capital. It produces manganese ore in the Haut-Ogooué province.