Gabon turns to UAE-backed investors and Chinese engineering giant to revive $2 billion rare earth project and develop one of the world's largest niobium deposits

Gabon is seeking to revive its long-delayed Mabounié niobium and rare-earth project through a proposed $2 billion investment involving Emirati-backed New Energy Metals (NEM) and Chinese engineering group ENFI, as the Central African country steps up efforts to attract foreign capital into its mining sector.

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By Adekunle Agbetiloye·November 9, 2026·South Africa