Gabon is a major petroleum producer, with crude oil accounting for 80% of Gabons exports as well as two thirds of the states revenue. Gabon is the worlds second largest manganese dioxide producer, and also has the potential to produce up to 15% of global niobium from a developing mine near Mabounie. Gabon also produces minor gold, uranium and diamonds. Uranium production has all but ceased in Gabon, due to ore reserve depletion.
All useful mineral substances occurring under the surface are the property of the State. A new Mining Code was enacted in July 2000, under which exclusive rights are granted by the Ministry of Mines, Energy and Petroleum. There are four types of mining permit:
i) Prospecting, for regional reconnaissance, valid for two years.
ii) Exploration, for mining exploration and evaluation. A licence with concession is valid for three years and is renewable for two further periods of three years. Without a concession, the licence is valid for two years, renewable for one period of two years.
iii) Mining (with concession) for mineral extraction, renewable as many times as required.
iv) Mining (without a concession) for extraction of construction materials and related minerals.
Exclusive rights are granted by the Ministry of Mines, Energy and Petroleum, as follows:
|
Permit Type
|
Prospecting
|
Exploration
|
Mining
(w/concession)
|
Mining
(w/o concession)
|
|
Purpose
|
Regional reconnaissance
|
Mining exploration and evaluation
|
Mineral extraction
|
Extraction of construction materials and related
|
|
Surface Area
|
Negotiable
|
Negotiable
|
A = mining permit
B = concession
(>20 years reserves)
A/B: depends on size of deposit
|
Negotiable
|
|
Validity
|
2 years,
non renewable
|
A = concession 3 years,
renew 2 x 3 yrs
B = no concession 2 yrs, renew 1 x 2 yrs
|
A = permit 5 years, renew 5 years, as many times as required
B = 25 years, renew 10 years, as many times as requirred
|
A = license for temporary quarry, 2 years, renew 1 x 1 yr but not for unconsolidated materials, max. 1 yr
B = license for permanent quarry, 5 years, renew 5 years as many times as required
|
Four Categories are relevant under this heading:
- Mining rights: they include (1) a fixed fee, (2) a surface occupation fee, and (3) a value-added tax that varies between 0.5% and 5% per year;
- Fiscal charges: they are small and their amount varies according to the permit type (exploration or mining) and, for the mining phase, to the stage of operation (investment or production);
- Corporate tax: it amounts to 35% after special exemptions (e.g. accelerated depreciation).
- Import duties: they do not apply during the exploration and investment phases and exclude all consumables used during processing. There is no export tax.