Millennial Potash Strengthens Ties with Gabon as President Brice Oligui Nguema Visits Banio Project
In a significant boost for Gabon’s economic landscape, Millennial Potash Corp. recently welcomed President Brice Oligui Nguema to its Banio potash project, located near the vibrant coastal towns of Mayumba and Ndindi. The visit marks a pivotal moment in the company’s mission to tap into Gabon’s rich natural resources while simultaneously fostering sustainable development in the region.
Millennial’s chairman, Farhad Abasov, previously discussed the potential of the Banio project with President Nguema in December 2023. On this recent site visit, the President reaffirmed his support, signaling a strong partnership between the Gabonese government and Millennial Potash. This collaboration is expected to enhance not only the economic prospects of the area but also the quality of life for local communities.
During the visit, Valvi Pandi Mahoungou, the general manager of Mayumba Potasse SARL, Millennial’s Gabonese subsidiary, presented a detailed corporate overview, showcasing findings from a recent preliminary economic assessment (PEA). The roadmap to potential production was outlined, providing valuable insights into the viability of the Banio potash project. The President expressed enthusiasm for the results, holding up a section of potash-rich drill core as a tangible indicator of promise for future development.
Nurturing economic growth goes hand in hand with infrastructure enhancement, and President Nguema emphasized that efforts to bolster infrastructure in the region would receive robust government backing. This includes investments in power generation, upgrades to the national grid, and the development of a deep-water port in Mayumba, which will synergize with upgrades to the Mayumba-Ndindi road for improved access to the mining sites.
What’s more, the government aims to uplift community welfare through various initiatives, including enhancements to educational facilities, the establishment of a new university, and plans for a modern hospital. These commitments underline a holistic approach to development, ensuring that the benefits of the potash project extend well beyond the mining sector.
As Gabon paved the way for sustainable development, Millennial Potash is well on its way to contributing to the country’s growth story, promoting economic self-sufficiency while also prioritizing community development. With dedicated leadership and a clear vision, this partnership could set the standard for resource-based projects across Africa.
Stay tuned for more updates as Millennial Potash and Gabon continue to forge a path towards a prosperous future.
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