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Gabon Partners with UAE-Backed Firm and Chinese Group on $2 Billion Mining Project

Gabon plans to revive its Mabounié niobium and rare-earth project through a proposed $2 billion investment involving Emirati-backed New Energy Metals and Chinese engineering firm ENFI. The initiative aims to develop one of the world's largest niobium deposits and generate over 2,500 direct jobs. Construction is scheduled to commence in 2027.

Published Source: Business Insider Africa
Illustration: Heavy industrial mining machinery and processing equipment operating at a remote mineral quarry site under clear skies
Illustration

Gabon is working to revive its long-delayed Mabounié niobium and rare-earth project via a proposed $2 billion investment involving Emirati-backed New Energy Metals and Chinese engineering group ENFI, according to Business Insider Africa.

The Central African nation is expanding efforts to attract foreign investment into its domestic mining sector while developing what is considered one of the world's largest niobium deposits.

The project plans to incorporate mineral processing facilities inside Gabon to increase local economic value and is projected to create more than 2,500 direct jobs.

Project construction is scheduled to begin in 2027, forming a tripartite partnership that pairs UAE investment capital with Chinese engineering expertise.

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