Gabon’s mining sector drives economic transformation post-oil era

As Gabon’s oil production continues to decline, the nation is pivoting toward a robust economic diversification strategy. The country is now prioritizing its mining potential to bolster growth and lessen its reliance on hydrocarbon revenues. Authorities have outlined plans to launch eight new mining operations by 2030.

Key projects shaping Gabon’s mining future

The Minister of Mines, Sosthène Nguema Nguema, revealed that several high-potential projects are under review or in development. These initiatives focus on iron, gold, and potash extraction. Among the most promising ventures are the iron ore deposits in Milingui, Baniaka, Mébaga, and M’Bilan, alongside the gold deposit in Etéké and a dedicated potash project.

Economic impact and employment growth

The government aims to elevate the mining sector’s contribution to the GDP 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 streams.

Infrastructure challenges and solutions

Achieving these goals hinges on modernizing the country’s infrastructure. Economist Orphée Mouelé emphasizes the urgent need to upgrade road and rail networks, port facilities, and energy supply. These enhancements are critical to lowering logistics costs and streamlining mineral transport.

Ensuring equitable benefits and social sustainability

Civil society organizations are calling for a fairer distribution of mining profits. The NGO Éthique et Bonne Gouvernance stresses that the success of this strategy should be measured by its tangible impact on local communities and its ability to foster sustainable development.

Boosting local processing for long-term resilience

Libreville is also focusing on local processing of extracted resources. The goal is to cultivate a thriving domestic mining industry, enhance the value of exports, and gradually shield the economy from the volatility of oil revenues.