With 85% of unexplored territory, Gabon is an attractive destination for mineral exploration..
For more than half a century, major mining companies have existed and grown in Gabon, sustainably. This shows the stability Gabon provides for mining enterprises.
Economic and Social Stability
Gabon is known for its economic and social stability, which has contributed to a relatively secure environment for economic growth and development. The country has maintained a sense of security among both domestic and international investors.
Socially, Gabon benefits from a relatively low level of internal conflict, and its government has worked to ensure peace and cohesion among the diverse ethnic groups within the country. This stability is reflected in the country’s high ranking in terms of country risk in the Central African subregion.
In recent years, Gabon has focused on further strengthening its financial institutions and promoting social harmony, laying the groundwork to achieve its goal of emerging as a more developed nation by 2026.
Quality of Living & Environment
Its cosmopolitan cities (Libreville, Port-Gentil, and Franceville) host shopping arcades, supermarkets, many restaurants, hotels, and cleanliness. Gabon offers a high standard of living. With forests covering more than 80% of the country, 800 km of almost virgin coastline, and unique biodiversity in Africa, Gabon is considered The Last Eden and The Lungs of the World.
Many opportunities
With only 15% of the land fully explored, Gabon has an immense opportunity in the mining sector. The objective of the new economic strategy is to reduce dependence on oil and prepare the country for the post-oil era.
Gabon offers many opportunities, particularly in the non-oil sectors. Hundreds of potential mine sites for gold, iron, manganese, lead, zinc, uranium, and rare earths could see exploitation shortly.
Mining Laws
To increase the mining sector’s contribution to GDP within 10 years by 4 times, the Gabonese State revised its Mining Code in 2019. The new code makes the sector more attractive to foreign investments by offering several fiscal benefits while also addressing environmental protection and social responsibility concerns.