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Société Equatoriale des Mines (SEM) and Navodaya Trading DMCC (NTDMCC) signed an agreement establishing the formation of a joint-venture called Gabon Manganese & Ferro Alloys (GMFA) of which 85% and 15% of the shares are owned by NTDMCC and SEM respectively.Société Equatoriale des Mines (SEM) and Navodaya DMCC (NTDMCC) signed an agreement establishing the formation of a joint-venture called Gabon Manganese & Ferro Alloys (GMFA) of which 85% and 15% of the shares are owned by NTDMCC and SEM respectively.

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