30TH CENTURY MINING & MINERALS
UNWINDING THE POTENTIAL OF MINERAL EXTRACTION AND PROCESSING
For many years, the oil industry has been the driving engine behind Gabon’s rising economy. However, the mining sector has witnessed substantial progress, since the country’s independence. Gabon is the world’s fourth-largest producer of manganese, with reserves of 150m tonnes and production of 1.8m tonnes in 2015. The country has more than 2 billion tonnes of iron ore, over 40 tonnes of proven gold reserve – and a range of other rare-earth minerals including lead, zinc, copper, diamonds, niobium, and titanium.
The mining industry of Gabon stagnated during a short period in 2015. The untapped potential of this sector got diversified by governmental plans to boost GDP contribution to over 30% in the upcoming 15 years.
Gabon’s hydrocarbons sector developed under the supervision of energy majors bears testimony to the potential of the mining sector and the ease of energy transition. Therefore, the key focus of Gabon’s national development plan is a thriving manganese sector, dominated by major industrial and mining companies.
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