With its oil production gradually declining, Gabon is shifting focus toward its mining sector to diversify its economy and reduce reliance on hydrocarbons. Authorities have set an ambitious goal: launching eight new mines by 2030 to propel growth and economic resilience.
Key Mining Projects Underway
The Minister of Mines, Sosthène Nguema Nguema, confirmed that several mining initiatives are currently in development, targeting iron ore, gold, and potash. Among the most significant projects are the iron deposits in Milingui, Baniaka, Mébaga, and M’Bilan, as well as the Etéké gold deposit and a potash extraction project.
Economic Transformation Goals
The government aims to elevate mining’s contribution to the GDP from the current 6% to nearly 20% in the coming years. This expansion is expected to generate thousands of jobs and bolster public revenue, fostering sustainable development across the country.
Infrastructure: The Backbone of Mining Growth
Economist Orphée Mouelé highlights that infrastructure upgrades are critical to achieving these targets. Upgrading road and rail networks, port facilities, and energy supply will be essential to lowering logistics costs and improving mineral export efficiency.
Local Value Addition Priorities
Local processing of extracted resources is a key pillar of the strategy. By refining minerals locally, Gabon seeks to build a robust national mining industry, enhance export value, and shield its economy from the volatility of oil revenues.
Social and Governance Considerations
Civil society groups, including Éthique et Bonne Gouvernance, stress the importance of equitable benefit-sharing. They argue that the success of this mining push must be measured by tangible improvements in living standards and long-term community development.
