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By Phyllis Lyday

Mining did not contribute significantly to the economy of Benin, a small country on the coast of West Africa, during 1978-79. During these years, Benin continued to be rated by the United Nations as one of the 25 least developed countries in the world; its gross domestic product was under $200 3 per person per year. Salt from seawater, sand and gravel, bricks, and imported clinker for cement were the only minerals which contributed to the economy. Minerals were not expected to play an important role in the commercial sector of Benin's economy during the next decade. Joint projects included infrastructure development to create a coordinated road and rail system between Niger and Benin that was begun in 1960 as ?Operation Hirondelle." In 1976, an agreement for the construction of a rail link from Niamey, Niger, to Parakou was signed. At Parakou, the rail line would join the existing line to the port at Cotonou. Construction of the rail line was expected to take 6 years, and the cost was estimated at $287 million in 1979. During late 1979, the Federal Republic of Germany granted Benin a loan of $12 million for reconstruction of the port at Porto Novo. Benin and Nigeria were discussing a joint adventure in crude salt exploitation.

Jan 1, 1981

By Ben A. Kornhauser

Benin's industrial sector experienced severe economic and financial problems in 1986, including disappointing performances of the Onigbolo cement plant and the Semé Oilfield, plus a shortage of technically trained personnel and experienced management. Oil production remained about 1,000 barrels per day. Import and export trade between Benin and the United States remained minimal. Because much of Benin's outstanding external debt was in U.S. dollars, the stronger dollar greatly increased the debt burden. The 1985 budget of $304 million' was composed of an investment budget of $194 million and a current budget of $110 million. Of the investment budget, 84% was expected to be externally financed. About $45 million was given to three priority projects: the joint Benin-Togo Nangbeto hydroelectric project scheduled for completion in 1986; drilling of new exploratory wells of the Semé petroleum project, and the Dassa-Parakou highway. The budget deficit was projected to exceed $43 million despite a decrease in projected revenue owing to an anticipated decline of 25% in import tax revenue, normally the largest source of Government revenue.

Jan 1, 1987

By Joseph B. Huvos

Said to be one of the world's most under-developed countries, Benin had a gross national product (GNP) estimated at $1 billion in 1980.2 Contribution of the mineral industry such as cement and limestone to the GNP was negligible, but exploration of mineral potential continued Minerals.-The United Nations Development Program (UNDP) conducted an investigation of three deposits from 1977 to 1980: Phosphates (Mekrou), gold (Perma), and chromite (Buem). A phosphate rock deposit containing about 4.5 million tons recover- able by opencast techniques was discovered. It was not known if the gold and chromite deposits were recoverable economically. Iron ore deposits of some 230 million tons near Loumbo-Loumbo are at present not exploitable because of lack of infrastructure in the northern part of the country. Geologic mapping with British and French assistance was also pursued in 1980.

Jan 1, 1982

By George A. Morgan

Output of minerals was insignificant in 1981 and made a negligible contribution to the gross national product (GNP), estimated at $1.2 billion.2 Agriculture accounted for 40% of CNP and manufacturing accounted for 10%. The chief source of income was indirect taxes levied on traffic through the Port of Cotonou, an entrepôt. Trade statistics for Benin were incomplete and dated. Major trading partners were France and other members of the European Communities. Benin was a member of the West African Monetary Union and as such must coordinate its foreign currency, reserves, interest rate structure, and fund transfer with other member countries. Its currency, the Communauté Financière Africaine franc (CFAF), was fixed to the French franc.

Jan 1, 1983

By George A. Morgan

Output of mineral products was estimated to be unchanged in 1983 from that of 1982 with the exception of petroleum. The country began production of crude oil from the Seme Oilfield, and all output was exported. Wd and charcoal constituted 72% of Benin's total energy consumption, and imported petroleum products and electric power accounted for the remainder. Cement was produced from imported clinker. The gross domestic product (GDP) was $1,061 million in 1982, the latest year for which information was available.2 COMMODITY REVIEW Gold.-Exploration was underway at Perma by the U.S.S.R. as part of the United Nations development program. Gold had been produced previously at Perma, where a grade of 0.289 troy ounce of gold per ton was reported, An exploitation program for the deposit was to employ about 100 people, and output was targeted to reach 1,600 troy ounces per year. Recoverable reserves were put at 96,000 troy ounces.

Jan 1, 1985

By Ben A. Kornhauser

Petroleum production was the principal component of the mineral industry, followed by cement production and some salt output. The French Central Fund for Economics Cooperation loaned $9.15 million2 to the Communauté Electrique du Benin (CEB), which served Benin and Togo, toward financing the construction of a dam on the Mono River at Nangbeto, Togo. The dam was to supply hydroelectric power to reduce the energy dependence of the two countries and to irrigate crops. Nine other international financial organizations, including the International Bank for Reconstruction and Development (World Bank). the African Development Bank, the Arab Bank for African Economic Development, and the French Aid and Cooperation Fund, contributed to the estimated $140 million cost of the dam. The CEB also was to contribute to the financing. Contracts amounting to $60 million already had been awarded to West German and Canadian firms. The dam was expected to be completed in 1987.

Jan 1, 1986

By George A. Morgan

There was little change in the mineral industry of Benin in 1986, as the economy remained in the grip of a regional recession exacerbated by failing oil prices, which nullified much of the income from Benin's oil production. Benin's industrial sector accounted for less than 10% of the gross domestic product (GDP), with the mineral industry providing about one-half of that total. Several major projects initiated over the last several years continued to perform and/or progress below Government expectations. These included the Save sugar refinery, the Dassa-Parakou section of the Dassa-Cotonou highway, the Benin-Togo Nangbeto hydroelectric plant, the Onigbolo cement plant, and the Semé Oilfield. Funding for these projects is the major source of the Beninese external debt, which was estimated to be over $800 million.2

Jan 1, 1988

By David J. Ellis

The mineral industry of Benin continued to be confined to the production of cement, crude oil, salt, and sand and gravel. Only crude oil and cement were exported, with the value of crude oil exports and cement exports constituting about 20% and 2% of export revenue, respectively. The value of crude oil exports was less than the cost of imports of refined petroleum products. Production of crude oil was unchanged from 1986, averaging 5,500 barrels per day (bbl/d). The Government managed the facilities at the Semé Oilfield while actively seeking a new manager to replace Pan Ocean Oil Co. of Switzerland, whose contract was canceled in 1986. Recoverable reserves of crude oil were estimated to be between 18 and 30 million barrels.

Jan 1, 1989

By George A. Morgan

Mineral production was confined to out-put of cement and gravel. However, exploration was being conducted by the U.S.S.R. and the United Nations Development Program. Development of a domestic limestone deposit and crude oil from an offshore oilfield was underway. Benin's currency remained fixed to the French franc. The gross domestic product (GDP) was $977 million in 1981, the latest year for which information was available. 2 COMMODITY REVIEW Cement.-Construction of a cement plant with 500,000 tons per year capacity neared completion at Pobé. The operator of the plant, using locally produced limestone, was the Societe des Ciments d'Onigbolo, a joint venture between Benin and Nigeria. Nigeria was expected to utilize most of the cement produced. Equipment for the plant included a 1,600-ton-per-day, oil-fired pre-heater.

Jan 1, 1984

By Doris M. Hyde

Limited geographically by size and geo-logically by origin, smaller countries and territories of the Caribbean are nonetheless engaging in efforts to encourage the initiation of mineral and mineral-related industries. Petroleum dominates the minerals sector, which otherwise consists principally of minor quantities of construction-oriented materials, usually for local consumption. The increased cost of petroleum has adversely affected most of the world, but these islands with their economies precariously balanced on the uncertainties of agriculture and tourism are especially vulnerable to petroleum's direct and indirect costs. In 1975, the Government of Antigua acquired the financially troubled West Indies Oil Company refinery at St. Johns. The refinery ceased operations in 1976. In 1979, negotiations were underway to sell Ashland Oil Co. an interest in the small, 20,000-barrel-per-day refinery for $6.6 million. In 1977, Antigua granted petroleum exploration rights to the Antigua Mineral Exploration Company, which planned to drill in an undefined offshore area, possibly between Antigua and Barbuda. The company expected to spend about $200,000 per year through 1982. There have been no reports on its activity.

Jan 1, 1981

By Doris M. Hyde

To a greater or lesser extent, the economies of the smaller Caribbean Island countries continued to have common problems. These included unemployment, inflation, foreign exchange shortages, trade deficits, and unstable world prices for their exports. Declining prices for petroleum provided some relief from scarce foreign exchange. Overall, the mineral sector remained stable. The Amerada Hess Corp. crude oil transshipment terminal on St. Lucia was completed during 1981. However, there were no shipments during the year. No official reason was offered for the delay in opening the terminal, but it may have been related to the world surplus of crude oil that occurred in 1981. There has been no further action on the refinery, which was to complete the island's petroleum complex. During the first half of 1981, an announcement was made that a second oil transshipment terminal would be built on St. Lucia. The report indicated that the terminal was to be financed by Saudi Arabia and include underground storage. After the original announcement, no further information was made available. This terminal, like the Hess petroleum complex, may have been temporarily postponed because of the crude oil surplus.

Jan 1, 1983

By Doris M. Hyde

Mineral industry activity in many of the smaller Caribbean Island countries has remained minimal. For this reason, specific references to Bermuda, Guadeloupe, Martinique, and the Netherlands Antilles have been removed from textual and trade table presentations. Any significant future developments will be reported as they occur. Readers are referred to earlier Minerals Yearbook editions for previous information. Table 1 production statistics have been modified in some instances. References to certain nonmetal commodities were eliminated because information has often been unreliable. Their inclusion in table 1 was not considered important to either an overview of the area or to compatibility with volume I of the Minerals Yearbook.

Jan 1, 1984

By Doris M. Hyde

There were no significant changes in the mineral industries of the smaller Caribbean Islands during 1980. Imported petroleum requirements continued to erode economic gains that may have occurred in other sectors. Some relief may be forthcoming as more qualified Caribbean countries take advantage of Trinidad and Tobago's petroleum product financing program (see Trinidad and Tobago). There were no crude oil discoveries in these areas during 1980, although some geophysical testing around the British Virgin Islands and Antigua war underway. In March 1980, the Government of Antigua sold a 75% interest in the 16,000-barrel- per-day West Indies Oil Co. refinery to the Swiss Intermaritime Bank and Intermaritime Management Services for $6 million. The new refinery company is called the National Petroleum Co. Shutdown since 1976, it was originally planned for the refinery to reopen in 1980, but refurbishing has proved to be more extensive than anticipated. The reopening is now expected in 1981.

Jan 1, 1982

By Ivette E. Torres

Aruba, formerly a. part of the Netherlands Antilles, separated on January I, 1986, and became an autonomous part of the Netherlands. Full independence of the island from the Netherlands is scheduled for 1996. In this chapter, however, Aruba's statistics are included with those of the Netherlands Antilles. Tourism continued to be the main industry of the island, which continued to depend heavily on imports, mostly from the United States. During the year, the Government was preparing legislation to regulate the exploration of oil deposits in the relatively shallow sea around Aruba.

Jan 1, 1989

By Nicholas G. Theofilos

The Bahamian economy weathered the worldwide recession of the last few years better than most developing countries. This was mainly owing to the ties between the tourist industry of the Bahamas and the U.S. economy. The mineral industry played a minor role in the country's economy. The chief mineral exports included an increasing amount of petroleum products horn the country?s 500,000-barrel-per-day refinery, steel pipe, salt, and aragonite. A 60,001)-barrel-per-day desulfurization facility was completed by Bahamas Oil Refinery Co. (BORCO) in Freeport. The project included vacuum gas oil desulfurization, hydrogen and sulfur recovery, steam generation, water desalinization, and offsite facilities.

Jan 1, 1980

By Doris M. Hyde

The 350,000-barrel-per-day Bahamas Oil Refining Co remained closed throughout 1986. Financially troubled Charter Oil Co., joint owner of the refinery with Chevron Oil Bahamas Ltd., agreed in principle to have Chevron assume full ownership in return for canceling debts owed Chevron. Finalization of the agreement was pending at yearend. Burmah Oil Ltd. took more than a $30 million loss on the sale of its interest in South Riding Point Grand Bahama Transshipment Terminal to South Riding Point Terminal Holding Ltd.

Jan 1, 1988

The Bahamas Oil Refining Co. (BORCO) refinery in Freeport continued to operate at less than half its full 500,000-barrel-per-day capacity. Although owned through subsidiaries by the Carey Energy Corp (65%) and Standard Oil Co. of California (35%), BORCO is ineligible for participation in the Crude Oil Entitlements Program granted to companies operating within the United States proper or its territories. Like some other Caribbean refineries, BORCO has suffered a loss of normal market outlet due to the wt advantage afforded U.S. refineries by the Entitlements Program. Saudi Arabia, Nigeria, and Libya are the major suppliers of crude for the refinery. Its principal products, motor spirits, aviation fuel, distillate fuels, and residual fuel oils, were marketed in the United States and Puerto Rim. The Government-owned Bahamas Development Corp. and Burmah Oil Co. Ltd., held discussions pertaining to a renegotiation of Burmah Oil's management contract for the Grand Bahama Oil Transshipment terminal. The desired contract modifications were not made public but financial problems have plagued the terminal and its operation since construction started in 1972.

Jan 1, 1981

By Doris M. Hyde

In the past, mining has represented between 11% and 12% of the gross domestic product (GDP). In 1982, mining contributed over $150 million to the estimated $1.4 billion GDP.2 Overall economic growth for 1983 was projected at about 2%, primarily as a result of increased tourism. The inflation rate remained at or fell below the 1982 level of almost 4%. The Government continued its efforts to strengthen the industrial base by improving infrastructural systems and the establishment of a free trade zone. Laws against property ownership by foreigners or foreign-owned companies were strengthened, but the prohibition was softened to allow for close family inheritance. Otherwise, Government approval must be obtained to retain property acquired through inheritance, court order, mortgage, or other means. Special consideration was granted to foreign investors seeking to promote industries beneficial to the economy.

Jan 1, 1985

By Doris M. Hyde

The Bahama's petroleum-dominated minerals sector constricted again in 1985. The declines were mostly the result of a soft market demand for crude oil and petroleum products. In early 1984, it was a growing unprofitability that prompted Charter Oil Co. to cease using the 350,000-barrel-per-day Bahamas Oil Refining Co. facility that it jointly owns with Chevron Oil Bahamas Ltd. After midyear 1985, because of poor petroleum economics, Chevron announced it would close the refinery, leaving only a maintenance crew. In 1984, the refinery exported less than 26 million barrels of petroleum products. Chevron's throughput was reported as averaging about 8,000 barrels per day at the time of the announcement. The crude oil transshipment terminal also registered declining activity and financial losses in 1984 and 1985. Transshipments of petroleum in 1985 amounted to about 100,000 barrels per day, one-half as much as in 1982.

Jan 1, 1987

By Doris M. Hyde

The impact of mining activities on the economy in both 1983 and 1984 was minimal. The most recent available data on the gross domestic product (GDP) indicated a level of $1.6 billion in 1983.2 The estimated value for the production of cement, aragonite, and salt was about $17 million in that year, down from the estimated $20 million in 1982. No data are available on the economic impact of the large petroleum refinery at Freeport on Grand Bahama Island, but it represents the major mineral-related activity. Cement production remained at only a fraction of the 800,000 tons per year of plant capacity. The offshore search for hydrocarbons continued in 1984, and some companies were about to enter the third year of seismic and geological surveying around Andros and Grand Bahamas Islands. Getty Oil (Bahamas) Co. Inc.; Breoco Ltd., a subsidiary of REO Development Corp. of Tulsa, Oklahoma; and Natomas Petroleum (Bahamas) Ltd. were the first companies to be awarded exploration licenses. These companies were committed to drilling at least one well before the end of the third exploration year. Other companies actively engaged in exploration included Exxon Corp., Atlantic Richfield Co. (ARCO), Chevron Oil Bahamas Ltd., and Esso Oil Bahamas Ltd. Geophysical Services Inc. (GSI) of Dallas, Texas, and Petroleum Services (Bahamas) Ltd. of Englewood, Colorado, ran another seismic survey line during 1984. This 1,533-mile line was in the Great Bahama Bank and Cay Sal Bank areas off the southeast Florida coast, and tied in with a 4,530-mile program GSI ran in 1981-82. These surveys were nonexclusive and publicly available through GSI.

Jan 1, 1986