As Gabon’s oil production gradually declines, the nation is pivoting toward a stronger economic foundation by leveraging its untapped mining potential. Authorities are accelerating efforts to diversify revenue streams, with plans to open eight new mines by 2030, positioning mining as a cornerstone of future growth and reducing dependence on hydrocarbons.
Expanding production to boost economic resilience
Gabon’s Minister of Mines, Sosthène Nguema Nguema, confirmed that multiple mining projects are under active review or development, targeting high-value minerals such as iron, gold, and potash. Key sites identified for iron extraction include Milingui, Baniaka, Mébaga, and M’Bilan, while gold mining is set to expand at Etéké. Additionally, a dedicated potash project is in preparation to tap into this lucrative resource.
Transforming the economy through mining growth
The government aims to elevate the mining sector’s contribution to the gross domestic product from its current 6% to nearly 20% in the coming decade. This expansion is expected not only to bolster public revenue but also to generate thousands of jobs, providing a significant boost to local livelihoods and economic stability.
Infrastructure upgrades as a catalyst for success
Economist Orphée Mouelé emphasized that achieving these ambitious goals hinges on modernizing Gabon’s infrastructure. Upgrades to road and rail networks, port facilities, and energy supply systems are critical to lowering logistics costs and streamlining mineral exports. These enhancements will create a more efficient framework for mining operations and support the country’s industrial ambitions.
Ensuring sustainable benefits for local communities
Civil society organizations, including the NGO Éthique et Bonne Gouvernance, stress the importance of equitable benefit-sharing from mining activities. They advocate for policies that ensure mining revenues translate into tangible improvements in public services, infrastructure, and social welfare, fostering long-term development and reducing inequality.
Building a self-sustaining mining industry
Libreville is prioritizing local processing of extracted minerals to cultivate a robust national mining industry. By refining raw materials before export, Gabon aims to increase the value of its exports, reduce vulnerability to global commodity price fluctuations, and strengthen its economic resilience in the post-oil era.
