Gabon’s mining boom aims to transform its economy
Gabon’s mining boom aims to transform its economy
With declining oil revenues weighing on its economy, Gabon is banking on a mining surge to reignite growth. A flurry of investment announcements in recent months has signaled the country’s determination to turn mineral wealth into an economic engine.
Key priorities for Gabon’s mining ambitions
Investment and employment drivers
Seven months into his tenure as Minister of Mines, Sosthène Nguema Nguema reports a marked uptick in mining activity. His ambitious roadmap includes the launch of roughly eight new mines between 2026 and 2030, focusing primarily on iron ore but also targeting gold and potash.
The government envisions these projects as catalysts for job creation and economic expansion. Current mining contributions stand at about 6% of GDP, but officials anticipate this figure could surge to 15-20% within a few years as new operations come online.
Building the essential infrastructure
Economist Orphée Mouelé, who trained at Omar Bongo University, warns that these goals hinge on critical infrastructure upgrades. He points to the urgent need for modernized road networks, expanded rail links, upgraded ports, and reinforced bridges to facilitate the transport of extracted minerals.
Energy access remains another pivotal challenge. Reliable electricity supply will be vital not only for mining operations but also for fostering downstream industries that process raw materials.
While the NGO Éthique et Bonne Gouvernance supports the sector’s potential, its president, Edmiaune Zouga, stresses the importance of ensuring tangible benefits for Gabon’s citizens. She advocates for mining revenues to directly uplift living standards across the nation.
