Gabon’s mining push to offset declining oil production

With oil output steadily falling, Gabon is shifting its economic strategy toward unlocking the potential of its mining sector. The government aims to accelerate this transition by launching eight new mining operations by 2030, reducing reliance on hydrocarbons and fostering sustainable growth.

Key mineral projects under development

Minister of Mines Sosthène Nguema Nguema confirmed that several high-potential projects are in motion. Focused on iron, gold, and potash, these initiatives include the Milingui, Baniaka, Mébaga, and M’Bilan iron ore deposits, the Etéké gold mine, and a new potash extraction venture.

Ambitious economic targets for the mining sector

The government is targeting a dramatic increase in the mining sector’s contribution to GDP, aiming to raise it from the current 6% to nearly 20% in the coming years. This expansion is expected to generate thousands of jobs and boost public revenue, strengthening the nation’s financial resilience.

Infrastructure upgrades essential for mining growth

Economist Orphée Mouelé highlights that modernizing Gabon’s infrastructure—including roads, railways, ports, and energy supply—is critical to achieving these goals. Upgraded logistics networks will lower transportation costs and streamline the export of minerals, making operations more efficient and profitable.

Ensuring inclusive benefits from mining expansion

Civil society groups, such as the NGO Éthique et Bonne Gouvernance, stress the need for equitable distribution of mining revenues. They argue that the success of this strategy should be measured not only by economic gains but also by tangible improvements in living standards and long-term social benefits for local communities.

Local processing to enhance mineral value

Libreville is prioritizing on-site processing of extracted minerals to build a robust domestic mining industry. By increasing the value of exports through local refinement, Gabon aims to reduce its vulnerability to volatile oil prices and strengthen its economic independence.