The Gabonese government is making a strategic shift from oil dependency to mining as a key economic driver. With declining oil production figures, authorities have intensified efforts to unlock the country’s mineral wealth through new investments and exploration initiatives across multiple provinces.
New mining projects set to transform Gabon’s economy
Since taking office as Minister of Mines seven months ago, Sosthène Nguema Nguema has outlined an ambitious plan to develop Gabon’s mineral resources. The strategy includes opening approximately eight new mines between 2026 and 2030, focusing primarily on iron ore, while also targeting gold and potash deposits.
These developments are expected to generate thousands of jobs and significantly boost the mining sector’s contribution to the national economy. Currently accounting for about 6% of Gabon’s GDP, mining is projected to expand its share to between 15% and 20% in the coming years, providing a much-needed economic stimulus.
Critical infrastructure needed to support mining expansion
Economist Orphée Mouelé, who studied at Omar Bongo University, emphasizes that the mining sector’s growth potential hinges on substantial infrastructure improvements. He highlights the urgent need for upgraded road networks, expanded rail systems, modernized ports, and reinforced bridges to facilitate the transport of mined materials.
The energy sector also presents a significant challenge. Adequate and reliable electricity supply will be essential not only for mining operations but also for supporting downstream industrial activities that can add value to Gabon’s raw mineral exports.
Ensuring equitable benefits for local communities
While welcoming the mining sector’s growth prospects, civil society organizations like Éthique et bonne gouvernance stress the importance of inclusive development. Edmiaune Zouga, the organization’s president, advocates for transparent revenue management to ensure that mining profits directly improve living standards for all Gabonese citizens, particularly those in mining regions.
