Gabonese Republic President visits key Republic of China mining projects
The President of the Gabonese Republic, His Excellency Ali Bongo Ondimba (www.Presidence-Gabon.ga), has completed a state visit to the People's Republic of China, from 6 to 9 December 2016, at the invitation of the Chinese President, His Excellency Xi Jinping. During the trip - Mr Bongo Ondimba's first outside of Africa following his re-election and also within the bilateral framework - the two heads of state discussed how to raise Chinese-Gabonese relations to the rank of 'comprehensive collaborative partnership'. This ambition was confirmed during discussions with the Premier of the State Council, Li Keqiang, and the Chairman of the Standing Committee of the National People's Congress, Zhang Dejiang.
The agreements signed by the Gabonese and Chinese governments and the respective investment promotion organisations, ANPI and CCPIT, testify to the reality of the “boost” hoped for by Ali Bongo Ondimba. The time has come for Africa and Asia to see private investment flows accompany public initiatives. China, the world's second largest economic power, enjoys a presence in Gabon through around 30 companies. It has seen the volume of these trade exchanges increase five-fold in the last eight years to $1.77 billion. China is Gabon's third largest supplier, representing 8.6% of its import volume, and its top client, accounting for 14.2% of its exports.
At a gathering of more than 300 businessmen and women who came to celebrate Chinese-Gabonese cooperation with the backing of the China Council for the Promotion of International Trade (CCPIT) and the Ambassador of the Gabonese Republic in China, the President of the Gabonese Republic confirmed "the full disposition of Gabon to accommodate direct Chinese investments in agriculture, tourism, industry and banking, among other sectors. With regards to the mining sector, Gabon has two large projects, Belinga and Maboumine. Specifically regarding Belinga, where iron reserves are estimated at more than one billion tonnes, Gabon is seeking outstanding financial and technical Chinese partners for this large-scale project. The same is true for the polymetallic deposit of Maboumine, where the consortium comprised of the State of Gabon and the Eramet Group is looking for Chinese partners to help accelerate its operation. In terms of tourism, I am hoping to boost tourism exchanges between our countries. In this regard, I reaffirm to you my strong desire to see our governments reach an air transport agreement. I also invite Chinese banks to set up operations in Gabon or to acquire shares in existing banks."
The President of the Gabonese Republic concluded the state visit in Guangdong Province, which thanks to its special economic zones, has the 15th highest GDP in the world. During a direct exchange with Governer Zhu Xiaodan, the President invited Chinese businesses to come and work in Gabon, in particular in the local processing of raw materials, and reiterated the willingness of Gabon to accommodate a special economic zone dedicated to Chinese businesses.
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AngloGold Ashanti establishes BG Umoja JV in Tanzania
AngloGold Ashanti, in line with it s strategy to ensure a sustainable contribution to the economies of host countries, has established the BG Umoja joint venture (JV), in Tanzania.
Awarded a $186m two-year mining contract for the Nyankanga and Geita Hill underground mining projects, the 80/20 joint venture is a partnership between Africa Underground Mining Services (AUMS) Tanzania, a subsidiary of Australia’s Perenti Group, and local drilling services and mining- supply company, Geofields Tanzania Limited.
The partnership is modelled on a similar underground mining joint venture at the Company’s Obuasi Redevelopment Project in Ghana between AUMS Ghana and Accra-based, wholly Ghanaian-owned Rocksure and will help build local specialised mining capacity.
“We’re working with our experienced mining contractors to assist in establishing local joint ventures for long-term transfer of sustainable skills, and to continue building on our sustainable local procurement programmes,” commented Sicelo Ntuli, AngloGold Ashanti’s Chief Operating Officer: Africa.
“AngloGold Ashanti is building sustainable local procurement programmes that will allow it to stimulate economic and social development at all of its operations, evidenced by the significant contribution Geita has made to the fiscus and people of Tanzania.”
AngloGold Ashanti’s annual expenditure with indigenous Tanzanian suppliers has almost tripled to $162mn since 2016. The company’s local team in Tanzania has set itself an ambitious target of 60% to 70% of all expenditures with indigenous Tanzanian companies, by 2025.
Scope 3 Emissions
In addition, AngloGold Ashanti’s Geita Gold Mine has awarded a two-year fuel transportation contract, worth approximately $10.8m a year, to two local contractors - one of which is originally from Geita. This is in line with the mine’s commitment to contribute to the economies of host communities. The Geita-based company was part of Geita Mine’s supply chain capacity building initiative for host community suppliers, a partnership between the Mine and the National Economic Empowerment Council.
To influence Scope 3 emissions, trucks are to be compliant with EURO IV emissions standards, tankers are to be made of an aluminium alloy material to reduce weight and the age of the fleet will be maintained at less than six years.
Diversity & Inclusion
The contractors already employ women fuel tanker drivers, fulfilling the Mine’s requirements for diversity and inclusion. The two contractors both own workshop facilities in Geita town and participate in social initiatives aimed at uplifting the lives of host community residents.
AngloGold Ashanti has been operating at Geita Gold Mine for more than 20 years, with the project initially a single pit mine, evolving now to a predominantly underground operation, employing 5,700 employees and contractors.
Earlier this year, the Government of Tanzania recognized AngloGold Ashanti’s contribution to the economy of the country, awarding it for its outstanding performance in a number of areas, including environmental and safety performance, corporate social investment, the best taxpayer in the mining sector, the runners up in local business content and overall best performer in the mining sector in Tanzania in 2019/2020.
Geita Gold Mine
Geita, one of AngloGold Ashanti’s flagship mines, is located in north-western Tanzania in the Lake Victoria goldfields of Mwanza region, about 120km from Mwanza and 4km west of the town of Geita. It has been in operation as a large-scale mine since 2000.