Gabon’s mining boom aims to reshape its economic future

With oil output steadily declining, Gabon is shifting its economic strategy toward mining to fuel growth and reduce reliance on hydrocarbons. The government plans to open eight new mines by 2030, tapping into the country’s untapped mineral wealth.

New mining projects to drive economic transformation

The Minister of Mines, Sosthène Nguema Nguema, confirmed that multiple projects are in the pipeline, focusing on iron, gold, and potash. Key initiatives include the Milingui, Baniaka, Mébaga, and M’Bilan iron deposits, the Etéké gold mine, and a potash extraction venture. These developments aim to unlock Gabon’s mineral potential while diversifying its revenue streams.

Mining sector set to triple its contribution to GDP

By accelerating mining operations, authorities aim to boost the sector’s share of GDP from 6% to nearly 20% in the coming years. Beyond economic growth, this push is expected to generate thousands of jobs and strengthen public finances through increased tax revenues.

Infrastructure upgrades critical for mining success

Experts warn that without modernized infrastructure, mining ambitions could stall. Economist Orphée Mouelé highlights the need for upgraded roads, railways, ports, and energy supply to cut logistics costs and streamline mineral exports. These improvements are seen as vital for turning mining potential into tangible benefits.

Ensuring fair benefits and local value addition

Civil society groups, including the NGO Éthique et Bonne Gouvernance, emphasize that equitable distribution of mining revenues must be a priority. They argue that sustainable development hinges on measurable improvements in living standards and long-term social impact.

The government also aims to prioritize local processing of extracted minerals. By building a robust domestic mining industry, Gabon hopes to enhance export value, reduce vulnerability to oil price volatility, and create a more resilient economy.