Gabon’s mining sector seeks to drive economic growth amid oil decline

Facing a steady decline in its oil production, Gabon is turning to its mining sector as a new engine for economic growth. In recent months, the government has announced a series of investments, while exploration and research operations are actively underway across multiple provinces in the country.

Ambitious plans to expand mining operations

Since assuming the position of Minister of Mines seven months ago, Sosthène Nguema Nguema has highlighted a notable resurgence in sector activity. A strategic plan has been outlined to launch approximately eight new mines between 2026 and 2030, focusing primarily on iron, but also including gold and potash.

The government anticipates that these new operations will generate thousands of jobs and significantly boost the sector’s contribution to the economy. Currently accounting for around 6% of the national economy, the minister projects that mining’s share could rise to 15-20% in the coming years.

Infrastructure development critical to mining success

Orphée Mouelé, an economist trained at the Omar Bongo University, emphasizes that the success of these mining ambitions hinges on the country’s ability to strengthen its infrastructure. He points to the urgent need for improved roads, railways, ports, and bridges to facilitate the transportation of minerals.

Energy access remains another critical challenge for prospective mining sites. Reliable and sufficient electricity will be vital not only for mining operations but also for supporting downstream industrial activities centered around raw materials.

Calls for inclusive growth and responsible governance

The NGO Éthique et bonne gouvernance has welcomed the promising outlook for Gabon’s mining sector. Its president, Edmiaune Zouga, stresses the importance of ensuring that mining revenues translate into tangible benefits for the local population, improving living conditions for all Gabonese citizens.