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Gabon’s New Mining Code to Boost Revenue, Attract Investment

  • Central African nation wants to increase mining share of GDP
  • Gabon is trying to reduce oil dependency amid slowdown
Men work with the gold laced sands in the middle of the equatorial forest in Mayibouth, north east Gabon.

Men work with the gold laced sands in the middle of the equatorial forest in Mayibouth, north east Gabon.

Photographer: Celia Lebur/AFP via Getty Images

In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.

The new code is intended to improve conditions for companies and increase revenue for the state, Mba said.