BHP Halts Mining Investment in Gabon

Reuters reported that BHP has put the brakes on mining investment in Gabon, much to the dismay of the government, who had been banking on large-scale iron and manganese projects.

As quoted in the market report:

We respect the decision by BHP to freeze its activities in Gabon,” said a senior official at the mining ministry who asked not to be identified. “At the same time this is a blow to the country, which hoped to become the world’s largest exporter of manganese.

To view the whole Reuters report, click here.