# New Energy Metals and ENFI propose $2B Mabounie niobium and rare earths project in Gabon

UAE-backed New Energy Metals and Chinese ENFI Engineering Corporation have proposed a $2 billion investment to revive the Mabounie niobium and rare earths mining project in Gabon. Construction is targeted to begin in 2027, creating over 2,500 jobs.

- Type: Investment
- Announced: 2026-11-09
- Where: Mabounie, Moyen-Ogooué Province, Gabon
- Value: $2.00B
- Jobs: 2,500
- Starts operating: 2027
- Status: announced
- Products: niobium, rare earths
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [New Energy Metals](https://endata.com/companies/95534.md)
- [China ENFI Engineering Corporation](https://endata.com/companies/93339.md) (partner)
- [Dusk Gabon](https://endata.com/companies/95535.md) (partner)

## Sources

- [kenya-today.com](https://kenya-today.com/report-2-billion-mabounie-niobium-and-rare-earths-project-in-gabon-aims-for-2027-construction-24010/), 2026-11-09: "Gabon is seeking a US$2 billion investment to revive the long‑stalled Mabounie niobium and rare‑earths mining project."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.