The Gabonese government is shifting its economic strategy in response to declining oil production, placing renewed emphasis on the mining sector as a key driver of future growth. By 2030, officials aim to open eight new mines, targeting minerals such as iron, gold, and potash to diversify revenue streams and reduce reliance on hydrocarbons.
Major mining projects shaping Gabon’s economic future
According to the Minister of Mines, Sosthène Nguema Nguema, several initiatives are underway to tap into the country’s mineral wealth. Key projects include iron ore deposits in Milingui, Baniaka, Mébaga, and M’Bilan, gold mining in Etéké, and the development of a potash extraction facility. These efforts reflect a broader push to modernize Gabon’s extractive industries.
Boosting GDP and employment through mining expansion
The government envisions the mining sector’s contribution to the national economy rising from 6% to nearly 20% in the coming years. This expansion is expected to create thousands of jobs while increasing public revenue. However, achieving these targets hinges on critical improvements to the country’s infrastructure.
Infrastructure upgrades needed for mining success
Economist Orphée Mouelé highlights the urgency of upgrading Gabon’s roadways, railways, ports, and energy supply. These upgrades are essential to lowering logistics costs and streamlining mineral exports, enabling the sector to reach its full potential.
Ensuring sustainable benefits for local communities
Civil society groups, including the NGO Éthique et Bonne Gouvernance, stress the importance of equitable wealth distribution from mining operations. They argue that the success of this economic transition should be measured by tangible improvements in living standards and the creation of lasting social benefits.
Local processing to strengthen Gabon’s economy
Libreville is prioritizing in-country processing of extracted minerals to build a robust national mining industry. By increasing the value of exports and reducing dependence on volatile oil prices, Gabon aims to stabilize its economy and foster long-term resilience.
