Gabon’s first mini gold refinery to start operations this year

The Government of Gabon has signed convention agreements this week with Alpha Centauri Mining (ACM) to boost gold exploration, exploitation and refining in the country. The company is held by British and Emirati investors and entered Gabon in 2016. In September last year it produced about 100 kg of gold per month, according to its website.  

The agreements signed with the Government of Gabon this week covers the exploitation of gold mines in the Ndjole region, along with gold exploration in the Middle-Ogooue and Ogooue Ivindo provinces.

More importantly, they also set the framework for the commissioning and operation of the country’s first gold refinery.

“Alpha Cenauri Mining is building the country’s first refinery in the Gabon Special Economic Zone and we expect to start operations by mid-2022,” CEO Anand Bajla said after the signing ceremony. “We will start with a capacity of 4 tonnes per annum to enable Gabon to export refined gold,” he added.

The mini modular refinery is a good first step for Gabon, who has so far struggled to fully develop its gold potential. Latest government data available shows gold output at 0.1 tonne in 2020.

However, exports earnings have been on the rise and stood at FCFA 8.3bn between January and September 2021, compared with FCFA 2.7bn in 2019.

To boost investments in the sector and support local content development, Gabon adopted a new Mining Code in 2019.

Read more

OFFICIAL: co-venturers on Block 2913b confirm Venus discovery offshore Namibia

TotalEnergies, who has a 40% operated interest in block 2913b within Petroleum Exploration Licence (PEL) 56, has confirmed that it has made a major light oil discovery at the Venus-1X well. The discovery was also officially confirmed this morning by its co-venturers Impact Oil & Gas and Namibia’s state-owned oil company NAMCOR. Venus was one […]

Namibia: O&L and CMB.TECH target first hydrogen by 2023

On Tuesday this week, Namibia’s Ohlthaver & List (O&L) Group and Belgium’s CMB.TECH have announced Namibia’s first green hydrogen production plant in the country’s Erongo region, west of Windhoek. The project will serve as a demonstration hub for hydrogen applications and is expected to start operating in 2023. “Depending on the results of the demonstration […]