What are the consequences for French economic interests?

by time news

2023-08-30 22:21:35

Par Margot Ruault

Posted 2 hours ago, Updated 26 minutes ago

Gabon is the fourth largest oil producer in sub-Saharan Africa. STRINGER / REUTERS

DECRYPTION – Main French companies on the spot, the manganese producer Eramet and the oil company TotalEnergies are on alert.

The victory was only short-lived. On Wednesday, President Ali Bongo had just been re-elected for his third term with 64.27% of the vote when a group of a dozen soldiers claimed power on television. The putschists announced that they were canceling the elections because of “truncated results“and denounced”irresponsible governance“. The reaction from economic players was not long in coming. One of the two main French companies based in Gabon, the mining and metallurgy giant Eramet, announced Wednesday morning to suspend its activities in the country. It was about “protect the safety of its personnel and the integrity of its facilities“. The group is the world’s leading producer of manganese (which represents approximately 70% of its operating income) thanks to its Gabonese resources. This metal is one of the most used in the world; it is used for the production of steel, batteries or batteries.

Eramet is…

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