With its oil production steadily declining, Gabon is now banking on the mining sector to become a key driver of its economic growth. In recent months, the country has made several investment announcements, while ongoing exploration and research operations are underway across multiple provinces.
Mining sector set for major expansion by 2030
Since taking office as Minister of Mines, Sosthène Nguema Nguema has highlighted a renewed momentum in the sector. The government’s strategy includes the planned opening of around eight new mines between 2026 and 2030, focusing primarily on iron ore, but also gold and potash.
The initiative aims to create thousands of jobs and significantly boost the mining sector’s contribution to the economy. Currently contributing about 6% to the national GDP, officials expect this figure to climb to between 15% and 20% in the coming years.
Infrastructure development critical for mining growth
Economist Orphée Mouelé, who holds a degree from Omar Bongo University, stresses that the success of this mining expansion hinges on substantial infrastructure upgrades. He points to the urgent need for improved road networks, railway lines, ports, and bridges to facilitate the transportation of extracted minerals.
The challenge extends beyond logistics. Reliable and sufficient energy supply remains a critical concern for the viability of future mining sites. Without a robust power grid, large-scale mining operations and related industrial activities would struggle to operate efficiently.
Calls for inclusive economic benefits
The Éthique et Bonne Gouvernance NGO has welcomed the mining sector’s potential while urging concrete measures to ensure broad-based benefits. Its president, Edmiaune Zouga, advocates for mining revenues to directly improve living standards across Gabon, ensuring that economic gains reach local communities.
As Gabon shifts its economic focus, the next few years will be pivotal in determining whether these ambitious mining plans can deliver sustainable development and shared prosperity for its people.
