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April 5, 2013

#BHP Billiton halts work on #Manganese project in #Gabon

Producing an estimated 2,000 tonnes in 2012 according to the US Geological Survey (up by 7.5% on the previous year), Gabon is the fourth-largest producer globally

"A fall in existing manganese output... could weigh on our GDP growth, export and fiscal revenue expectations for 2013 and beyond."

 From the EIU:
 "The halting of operations at BHP Billiton's two manganese assets in the east of the country—at Mounana and Okondja—presents a serious downside risk to economic growth, exports and fiscal revenue. It also potentially jeopardises the country's goal of overtaking South Africa as the world's largest producer of the metal. Producing an estimated 2,000 tonnes in 2012 according to the US Geological Survey (up by 7.5% on the previous year), Gabon is the fourth-largest producer globally, behind South Africa, Australia and China."


See the whole article from the EIU here: BHP Billiton halts work


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