AGP Executive Report
Last update: an hour agoEramet Financing: The miner has launched a €500 million rights issue to cut debt and strengthen its balance sheet. The French state has pledged €322 million; Eramet operates manganese mines in Gabon. Oil Exports: South Korea’s SK Energy has provisionally booked a tanker to load Gabonese crude for December delivery, as falling freight rates make West African oil more attractive in Asia. Mining Investment: Gabon’s planned $2 billion Mabounié project, backed by Emirati and Chinese partners, aims to produce rare earths and niobium, with construction expected to start in 2027. Potash Exploration: Millennial Potash reports a 132-metre mineralised intersection at its Banio project, extending the known deposit west toward planned processing and port facilities. Sovereign Finance: Spain’s defunct Eurofinsa is seeking to enforce an arbitration award of nearly $18 million against Gabon and wants a US court to block transfers of the country’s assets held at Bank of New York Mellon.
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