Gabon - Raw gold: 8.4 billion FCFA in revenue

Gold production in Gabon has been stable for five years: around 2 tonnes per year, with export revenues amounting to 8.4 billion CFA francs in 2021. National gold resources are estimated at 40 tonnes.

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Raw gold sales reached 8.4 billion francs in 2021, according to statistics from the General Directorate of Customs and Indirect Taxes (DGDI). Raw gold accounted for 0.31 TP3T of Gabon's total exports. According to figures from the Société Équatoriale des Mines (SEM), Gabon's gold production is approximately 2 tonnes per year. Gold mining in Gabon dates back to 1937. Since then, Gabon has collected approximately 40 tonnes of gold from the processing of gold extracted from various gold panning sites throughout the country.

However, the exploitation of Gabon's artisanal mines by smuggling networks in recent years has exposed the country to numerous problems, including illegal immigration, conflicts between gold miners and local populations, and environmental threats, with a sharp increase in poaching. Much of this gold production comes from the processing of alluvial gold.

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To boost the gold industry, the government granted seven additional permits in 2017 to four companies: Alpha Centauri Mining SA, Gabon Gold, Maxi Gold, and Société Équatoriale des Mines (SEM). Alpha Centauri Mining (ACM), a London- and UAE-owned company, is launching its first gold refining plant in the Nkok Special Economic Zone (SEZ) in 2022. Initially, this gold processing unit will have a capacity of four tons per year. ACM's goal is to export only refined gold, processed in Gabon, and increase the value of this mineral resource. In the coming years, Gabon hopes to produce more with a view to building up a strategic gold reserve, thereby increasing its credibility on foreign markets.