Setrag signed a €312m financing agreement with the IFC and Proparco on 20 July 2026 for the third phase of modernising the Trans-Gabon Railway, the line that carries manganese ore from Moanda to the Atlantic coast.
Eramet and the Gabonese government have signed a memorandum of understanding setting out an industrial roadmap to process up to 700,000 tonnes of manganese ore a year in Gabon by 2031, ahead of a planned export ban.
Genmin says a Middle Eastern consortium, a Shanghai-listed company, a commodity trader and a mining fund have made non-binding proposals to finance its $200m Baniaka iron ore project in south-eastern Gabon.
Manganese ore prices stayed under pressure through 2025 and into 2026 as oversupply, driven partly by strong South African and Gabonese exports, left about six million tonnes stockpiled at Chinese ports.
