The Gabonese government is shifting its economic strategy away from declining oil production toward a stronger focus on its mineral wealth. With plans to launch eight new mines by 2030, officials aim to boost growth, diversify revenue streams, and reduce reliance on hydrocarbons.
Key mining projects shaping Gabon’s future
Several high-potential mining ventures are under active development, targeting iron, gold, and potash. Among the most significant initiatives are the iron ore projects at Milingui, Baniaka, Mébaga, and M’Bilan, alongside gold extraction at Etéké and a potash-focused operation. These developments reflect the country’s ambition to unlock new revenue streams through responsible resource management.
Economic impact and job creation
By expanding its mining sector, Gabon hopes to increase its contribution to GDP from the current 6% to nearly 20% in the coming years. This expansion is expected to generate thousands of jobs and strengthen public finances, creating a more resilient economic foundation.
Infrastructure as a growth catalyst
For these mining ambitions to materialize, Gabon must prioritize infrastructure upgrades. Improvements to road and rail networks, port facilities, and energy supply are critical to lowering logistics costs and enabling efficient mineral transport. Economic analyst Orphée Mouelé emphasizes that these foundational investments are essential for reducing operational bottlenecks and enhancing competitiveness.
Balancing profits with social progress
Civil society groups, including the NGO Éthique et Bonne Gouvernance, stress the importance of equitable benefit-sharing in mining operations. They argue that the success of this economic transition should be measured not only by financial gains but also by tangible improvements in living standards and sustainable social development across the country.
Local processing to strengthen economic sovereignty
Gabon is also prioritizing the local processing of extracted minerals to build a self-sustaining mining industry. By increasing value-added exports and reducing dependence on volatile oil revenues, the nation aims to stabilize its economy and foster long-term industrial growth.