Gabon’s mining boom: a new economic pillar amid oil decline

Faced with dwindling oil production, Gabon is turning to mining as a fresh engine for its economy. Recent months have seen a surge in investment announcements, alongside ongoing exploration and research operations across multiple provinces.

Eight new mines on the horizon by 2030

Seven months into his tenure as Minister of Mines, Sosthène Nguema Nguema reports a marked revival in the sector. A strategic plan outlines the opening of around eight new mines between 2026 and 2030, with a focus on iron, alongside gold and potash.

The government anticipates these projects will generate thousands of jobs and significantly boost the mining sector’s contribution to the economy. Minister Nguema projects the sector’s current 6% share of GDP could surge to 15-20% in the coming years.

Infrastructure: the backbone of mining growth

Economist Orphée Mouelé, trained at Omar Bongo University, underscores the critical role of infrastructure. He highlights the urgent need for upgraded roads, railways, ports, and bridges to facilitate the transport of minerals efficiently.

Energy access represents another pivotal challenge for prospective mining sites. Reliable electricity supply will be essential not only for mining operations but also for fostering related industries that process raw materials.

Ensuring inclusive benefits for all Gabonians

The NGO Éthique et Bonne Gouvernance welcomes the sector’s potential but stresses the importance of translating these opportunities into tangible benefits for the population. Its president, Edmiaune Zouga, advocates for mining revenues to directly enhance living standards across Gabon, ensuring broad-based prosperity.