Gabon bets on mining to diversify economy amid oil decline

With its oil production dwindling, Gabon is turning to mining as a new engine for economic growth. Recent months have seen a surge in investment pledges, alongside intensified exploration and research activities across multiple provinces.

Eight new mines set to launch by 2030

Seven months into his tenure as Minister of Mines, Sosthène Nguema Nguema reports a marked uptick in sector activity. A strategic plan outlines plans to open roughly eight new mines between 2026 and 2030, focusing primarily on iron but also encompassing gold and potash.

The government anticipates these developments will generate thousands of jobs and propel sector growth. The Minister projects mining’s economic contribution—currently around 6%—could climb to 15-20% in the coming years, reshaping Gabon’s economic landscape.

Infrastructure and energy: the twin pillars of success

Economist Orphée Mouelé, alumnus of Omar Bongo University, underscores that achieving these goals hinges on robust infrastructure. He highlights the urgent need to upgrade roads, railways, ports, and bridges to facilitate mineral transport.

Energy access emerges as another critical challenge. Reliable power supply will be vital for mining operations and the broader industrial ecosystem surrounding mineral extraction.

Balancing growth with inclusive development

Éthique et Bonne Gouvernance, a leading NGO, welcomes the sector’s potential but stresses the need for tangible benefits for local communities. The organization’s President, Edmiaune Zouga, insists mining revenues must translate into direct improvements in living standards for all Gabonese.