Millennial Potash Corp. provided an update on infrastructure developments near its Banio Potash Project in Gabon. Construction on the Mayumba Gas-to-Power Project is expected to commence in second quarter of 2024 and completion is planned for 2025. Perenco will invest $50 million to collect, process and export its offshore gas via a gas pipeline for the power plant. The 20Mw power station will be operated by Gabon Power Corp. and will feed into the Gabon south network doubling the available power in the region. The power is expected to electrify 90,000 homes in Mayumba and other cities including Tchibanga, Bongolo, Mouila, and Lambarene. Perenco also commented that additional industries such as the Tchibanga marble operation, mining
developments and a harbour/port stand to benefit from this new power generation supply.