Eramet’s Gabon Unit Sees Revenue Declining 62% After Shutdown

Eramet SA (ERA)’s Gabonese unit, Comilog, expects to post a 62 percent decline in revenue this year after it halted operations for maintenance.

Sales are estimated at 468 billion CFA francs ($932 million) compared with 1.22 trillion francs a year earlier, Michel Ravino, mining project manager at Comilog, said today in a phone interview from the capital Libreville.

Comilog, based in the southeastern Gabonese city of Moanda, is 67 percent owned by Eramet, the operator of the world’s biggest ferronickel plant. Gabon’s government owns 25 percent of Comilog.

To contact the reporter on this story: Antoine Lawson in Libreville via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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