Gabon’s bold shift toward mining-led economic growth
The oil-dependent economy of Gabon is undergoing a strategic transformation as the government accelerates efforts to develop its mining sector. Following a significant decline in crude oil production, authorities are now placing their bets on mineral extraction as the next driver of national prosperity.
Financial commitments exceeding several hundred million dollars have been announced in recent months, signaling the government’s seriousness about this pivot. Exploration activities are currently underway across multiple provinces, with ambitions to position Gabon among the world’s leading mineral producers by 2030.
Expanding mining operations and economic impact
Seven months into his tenure as Minister of Mines, Sosthène Nguema Nguema reports tangible progress in transforming the mining sector into Gabon’s new economic backbone. «We have identified and planned the opening of several mines between 2026 and 2030. This initiative includes approximately eight new mining projects that will commence operations,» he explains.
The minister highlights key projects including:
- Milingui Mine for iron ore production
- Potash mine
- Etéké Mine for gold
- Baniaka Mine for iron
- Mébaga Mine for iron
- M’Bilan Mine for iron
These developments are expected to generate thousands of jobs while boosting the mining sector’s growth rate. «Currently at 6%, we aim to surpass 15-20% in the coming months and years,» the minister states confidently.
Infrastructure and sustainable development challenges
Orphée Mouelé, an economist from the Omar Bongo University, emphasizes that technical success hinges on critical infrastructure development. «The viability of these mining projects depends on several essential factors: building transport infrastructure including roads, railways, ports, and bridges to properly transport minerals. Additionally, strengthening energy production capabilities is fundamental,» he asserts.
Éthique et Bonne Gouvernance, an NGO focused on ethical governance, acknowledges the promising economic outlook for Gabon’s mining sector. However, president Dr. Edmiaune Zouga stresses the importance of ensuring these developments translate into tangible social benefits. «The paramount concern is social impact. These projects must positively affect ordinary citizens and ensure every Gabonese experiences tangible economic benefits,» she emphasizes.
The government is simultaneously advancing a new policy for local processing of raw materials to create additional wealth and employment opportunities domestically.
