Gabon bets on mining to diversify its economy amid oil decline

With oil production declining, Gabon is turning to mining as a new economic driver. Recent months have seen a surge in investment announcements, while exploration and research operations expand across multiple provinces.

Government unveils ambitious mining expansion plan

Seven months after taking office as Minister of Mines, Sosthène Nguema Nguema highlights a marked uptick in sector activity. A strategic roadmap envisions the launch of around eight new mines between 2026 and 2030, focusing primarily on iron, alongside gold and potash.

Officials anticipate these projects will generate thousands of jobs and significantly boost the mining sector’s contribution to the national economy. Currently accounting for roughly 6% of GDP, officials forecast this figure could surge to 15–20% in the coming years.

Infrastructure gaps threaten mining ambitions

Economist Orphée Mouelé, alumnus of Omar Bongo University, warns that infrastructure development is the linchpin of these plans. He emphasizes the urgent need to upgrade roads, rail networks, ports, and bridges to facilitate mineral transport.

Energy access remains another critical hurdle. Reliable electricity supply will be vital not only for mining operations but also for supporting downstream industries that process raw materials.

Civil society calls for inclusive benefits

While the NGO Éthique et bonne gouvernance welcomes the sector’s potential, its president, Edmiaune Zouga, stresses the importance of translating mining revenues into tangible improvements for the Gabonese people. She advocates for policies ensuring that profits reach local communities and enhance living standards nationwide.