Facing a steady decline in its oil production, Gabon is now placing its economic bets on a mining revolution. Over the past few months, the government has unveiled ambitious financial commitments totaling hundreds of millions of dollars to revitalize the sector. Exploration and research operations are already underway across several provinces, with projections suggesting the country could emerge as a global leader in mineral production by 2030.
Government’s bold mining strategy
Seven months into his tenure as Gabon‘s Minister of Mines, Sosthène Nguema Nguema reports a palpable shift in momentum. He confirms that mining is poised to become the new economic engine, replacing the nation’s waning oil revenues. «We have identified and programmed the opening of several mines between 2026 and 2030. Within this timeframe, approximately eight mines are expected to begin operations,» he reveals. «This includes the Milingui iron mine, the potash mine, the Etéké gold mine, the Baniaka iron mine, the Mébaga iron mine, and the M’Bilan iron mine.»
The minister emphasizes that these new ventures will generate thousands of jobs and drive double-digit growth in the sector. «Currently, we stand at 6% growth, but we aim to surpass this figure in the coming months and years, targeting 15% to 20% growth,» he explains.
A pillar of economic transformation
The mining sector’s success hinges on robust infrastructure, according to economist Orphée Mouelé, a graduate of the Omar Bongo University. «Technically, several critical factors will determine success: the development of transport infrastructure such as roads, railways, ports, and bridges to efficiently transport minerals, as well as strengthening energy production capacities. Energy is fundamental,» he asserts.
The Éthique et bonne gouvernance NGO welcomes the sector’s economic potential but stresses the importance of tangible social impact. Dr. Edmiaune Zouga, its president, states, «For us, the most crucial aspect is social impact. These ventures must benefit the average citizen. The Gabonese population must feel the economic ripple effects in their daily lives.» In tandem with its aggressive mineral exploitation policy, the government is promoting local processing of raw materials to create more wealth and employment within the country.