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Monday, February 6, 2012

BHP seals Gabon iron ore deal

Monday, 06 Feb 2012

A government official from the Central African nation's government told Reuters that Gabon and mining firm BHP Billiton have reached a deal over the Belinga iron ore concession in Gabon.

Mr Sosthene Nguema Nguema a member of Gabonese government delegation in charge of overseeing the Belinga project, said the concession had been removed from China's CMEC as the company, which was awarded the license in 2007, did not have sufficient expertise to mine the resource.

BHP Billiton declined to comment but Mr Nguema said an official agreement would be signed soon, without giving any further details.

(Sourced from Reuters)

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