The Gabonese government is shifting its economic strategy to counter the steady decline in oil production. As part of this transition, the country is prioritizing its mining potential to bolster growth and reduce reliance on hydrocarbons. Authorities aim to launch eight new mines by 2030 as a cornerstone of this diversification plan.
Major mining projects in the pipeline
The Minister of Mines, Sosthène Nguema Nguema, confirmed that multiple projects are under evaluation or in development. Key initiatives include iron ore, gold, and potash extraction. Notable upcoming operations involve the Milingui, Baniaka, Mébaga, and M’Bilan iron deposits, the Etéké gold mine, and a potash-focused project.
Ambitious targets for mining’s GDP contribution
Gabon’s leadership envisions transforming the mining sector’s role in the economy. Plans include increasing its contribution to gross domestic product from the current 6% to nearly 20% in the coming years. This expansion is expected to generate thousands of jobs and significantly boost public revenue.
Infrastructure upgrades critical for success
Achieving these goals hinges on modernizing the country’s infrastructure. Economist Orphée Mouelé emphasizes that upgrading road and rail networks, port facilities, and energy supply is essential. These enhancements would lower logistical costs and streamline mineral transportation, facilitating smoother operations.
Ensuring inclusive benefits from mining growth
Civil society organizations are calling for equitable distribution of mining revenues. The watchdog group Éthique et Bonne Gouvernance stresses that the policy’s success should be measured by tangible improvements in local communities and sustainable social benefits. Their focus remains on ensuring that economic gains translate into lasting positive change.
Boosting local processing to add value
Libreville is also prioritizing onshore processing of extracted minerals. By developing a robust domestic mining industry, Gabon aims to enhance export value, reduce dependency on volatile oil revenues, and create a more resilient economic framework.
