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Société Equatoriale des Mines “SEM”. Company Overview. Prepared for UK – Gabon Investment Forum Fabrice Nze-Bekale, CEO 29 November 2012. Global perspective. Gabon’s mining sector shows massive potential for growth.

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soci t equatoriale des mines sem

SociétéEquatorialedes Mines “SEM”

Company Overview

Prepared for UK – Gabon Investment ForumFabrice Nze-Bekale, CEO

29 November 2012

global perspective
Global perspective

Gabon’s mining sector shows massive potential for growth

  • Gabon’s mining sector was about 2.1% of GDP in 2009 and 4.6% in 2011, therefore presenting a huge potential for growth through:
    • Acceleration of exploration
    • Opening of new mines
    • Increased local transformation
    • Development of mining ecosystems

Industry Contribution as % of GDP

Mining

Oil & Gas

Sources: Citi, Mbenzi

corporate strategy
Corporate Strategy

SEM, well aligned with Gabon Industriel

Key points

  • SEM aims to promote:
    • The local development of raw materials,
    • The export of products with higher added value, and
    • The diversification of the national economy
  • Over 900 mineral indications recorded in the country. Only 30% of the country subject of systematic geological exploration
  • Attract FDI in exploration/exploitation and local processing of natural resources
  • SEM will seek to promote and support work which relates to and benefits the mining sector such as infrastructure development. This will largely be achieved through interaction with government ministries and agencies

Integrated, three pronged approach:

Mining

Local transformation

Long-term partnerships with the State through SEM

history of sem
History of SEM

A company created to improve management of mineral wealth

Key points

  • SEM was formed by Presidential decree in August 2011 to facilitate the development of Gabon’s mineral resources:
    • Manage the shareholdings of the State in the mining sector
    • Develop alone or in partnership any mining related project in Gabon
  • SEM is wholly owned by the Government of Gabon but privately managed
  • SEM part of the Office of the President
  • Initially, SEM’s activities will be focused on expanding and developing strategic national mineral resources within Gabon. Investment and exploration teams will eventually broaden the company’s mineral portfolio outside Gabon

State’s commercial arm

Privately managed

Develop Gabon’s national mineral resources

sem at a glance
SEM at a glance

Company goals and objectives

Key points

  • To be a reliable equity partner for private investors in Gabon
    • Aligned interests
  • To help create shareholders’ value
  • To become a world-class diversified mining and metals company
  • To promote local skills transfer, the health and safety of people in communities affected by mining activities and the preservation of the surrounding environment

Create shareholders’ value

For the State…

…and for private investors

roles and responsibilities
Roles and responsibilities

No conflicts of interest

Key points

  • Roles and responsibilities of the ministry and SEM are clearly defined

Ministry:

policy and regulations, licences

SEM: commercial activities

divider slide

Divider slide

Thank You

Questions

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