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Bloomberg

Gabon Seeks $2 Billion to Revive Mabounie Rare Earths Project

Sunday, November 8, 2026


Gabon is pursuing a $2 billion development deal to restart the Mabounié niobium and rare-earth mining project through a partnership involving New Energy Metals, an Emirati-backed company, and ENFI, a Chinese engineering firm. The project had remained inactive for an extended period before this revival effort. No timeline for project commencement or financing confirmation has been announced.

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