Average Mining Project Engineer Salary in Equatorial Guinea for 2024

In this article, we will look at the average Mining Project Engineer salary for 2024 in Equatorial Guinea and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does a Mining Project Engineer Make in Equatorial Guinea?

A Mining Project Engineer working in Equatorial Guinea will typically earn around 4,834,900 XAF per year, and this can range from the lowest average salary of about 2,221,600 XAF to the highest average salary of 7,680,400 XAF.

Average Annual Salary
4,834,900 XAF
Average Monthly Salary
402,908 XAF

Lowest Annual Salary
2,221,600 XAF
Lowest Monthly Salary
185,133 XAF

Highest Annual Salary
7,680,400 XAF
Highest Monthly Salary
640,033 XAF

These are average salaries for a Mining Project Engineer in Equatorial Guinea and include benefits such as housing and transport. It's also possible for a Mining Project Engineer to earn more or less than the average salaries shown above.

Mining Project Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Mining Project Engineer Salaries in Equatorial Guinea

So we've looked at the average salaries a Mining Project Engineer will earn in Equatorial Guinea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mining Project Engineer can earn between 2,221,600 XAF and 7,680,400 XAF on average in Equatorial Guinea. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Mining Project Engineer in Equatorial Guinea is 5,221,800 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 5,221,800 XAF, and 50% of the population earn more than 5,221,800 XAF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Mining Project Engineer salary in Equatorial Guinea, 25% of the population are earning less than 3,349,100 XAF while 75% of the population earn more than 3,349,100 XAF.

75% of the population earn less than 6,958,900 XAF, and 25% of the population earn more than 6,958,900 XAF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Mining Project Engineer Salary by Experience Level in Equatorial Guinea

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average mining project engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Mining Project Engineer in Equatorial Guinea that has less than two years of experience can expect to earn somewhere in the region of 2,519,500 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average Mining Project Engineer salary would increase to 3,373,200 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mining Project Engineer, the average salary would be 4,981,700 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 6,073,300 XAF.
  • 15 - 20 Years Experience. A Mining Project Engineer with 15 to 20 years of experience can earn an average of 6,613,100 XAF.
  • 20+ Years Experience. For a Mining Project Engineer with more than 20 years, the expected average salary increases to 7,164,900 XAF.

Average Salary by Experience Chart

0-2 Years
2,519,500 XAF
2-5 Years +34%
3,373,200 XAF
5-10 Years +48%
4,981,700 XAF
10-15 Years +22%
6,073,300 XAF
15-20 Years +9%
6,613,100 XAF
20+ Years +8%
7,164,900 XAF

Mining Project Engineer Salary by Education Level in Equatorial Guinea

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Mining Project Engineer in Equatorial Guinea based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Mining Project Engineer in Equatorial Guinea with a bachelor's degree education can earn an average salary of 2,928,100 XAF.

  • Master's Degree. A Mining Project Engineer in Equatorial Guinea with a master's degree education can earn an average salary of 5,663,200 XAF.

Average Salary by Education Chart

Bachelor's Degree
2,928,100 XAF
Master's Degree +93%
5,663,200 XAF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Equatorial Guinea is around 2,390,000 to 7,170,000 XAF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Mining Project Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Equatorial Guinea, a male mining project engineer will earn an average of 5,267,700 XAF, while a female mining project engineer will earn around 4,391,800 XAF.

This means that a male mining project engineer earns approximately 20% more than a female mining project engineer for performing the same job.

Average Salary by Gender Chart in Equatorial Guinea

Male
5,267,700 XAF
Female -20%
4,391,800 XAF

Mining Project Engineer Average Pay Raise in Equatorial Guinea

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Mining Project Engineer in Equatorial Guinea is around 9% every 27 months.

The national average pay raise across all professions and industries in Equatorial Guinea is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 27 ) × 12  = 4%

What this means is that a Mining Project Engineer in Equatorial Guinea can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Equatorial Guinea for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Equatorial Guinea.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Mining Project Engineer Bonus and Incentive Rates in Equatorial Guinea

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Mining Project Engineer is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
41%
No Bonus
59%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Equatorial Guinea earn approximately 14% more than private sector employees in the same role.

Public Sector
6,193,900 XAF
Private Sector -14%
5,447,200 XAF

Salaries for Jobs Similar to a Mining Project Engineer

In the table below, we have salary information for jobs that are similar to a Mining Project Engineer in Equatorial Guinea.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 5,038,200 XAF
Associate Analyst Oil / Gas / Energy / Mining 5,483,600 XAF
Associate Landman Oil / Gas / Energy / Mining 2,304,300 XAF
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 2,038,500 XAF
Biomass Plant Technician Oil / Gas / Energy / Mining 2,411,500 XAF
Biomass Power Plant Manager Oil / Gas / Energy / Mining 7,393,200 XAF
Chemical Plant Operator Oil / Gas / Energy / Mining 4,345,400 XAF
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 5,605,200 XAF
Completions Engineer Oil / Gas / Energy / Mining 4,786,100 XAF
Cost Controller Oil / Gas / Energy / Mining 3,659,400 XAF
Cost Engineer Oil / Gas / Energy / Mining 5,256,700 XAF
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 5,735,900 XAF
Dispatcher Oil / Gas / Energy / Mining 2,242,500 XAF
Distribution Manager Oil / Gas / Energy / Mining 6,901,600 XAF
Dragline Operator Oil / Gas / Energy / Mining 2,435,600 XAF
Driller Offsider Oil / Gas / Energy / Mining 1,921,500 XAF
Dump Truck Driver Oil / Gas / Energy / Mining 2,003,200 XAF
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 12,239,700 XAF
Energy Advisor Oil / Gas / Energy / Mining 7,860,600 XAF
Energy Analyst Oil / Gas / Energy / Mining 7,321,700 XAF
Energy Auditor Oil / Gas / Energy / Mining 6,241,000 XAF
Energy Dispatch Director Oil / Gas / Energy / Mining 8,915,100 XAF
Energy Technical Assistant Oil / Gas / Energy / Mining 3,156,400 XAF
Energy Technical Manager Oil / Gas / Energy / Mining 6,407,600 XAF
Energy Technical Support Manager Oil / Gas / Energy / Mining 6,179,700 XAF
Energy Technical Trainer Oil / Gas / Energy / Mining 4,654,300 XAF
Engineering Geologist Oil / Gas / Energy / Mining 9,301,600 XAF
Exploration Manager Oil / Gas / Energy / Mining 8,737,100 XAF
Field Safety Auditor Oil / Gas / Energy / Mining 5,902,400 XAF
Fluids Engineer Oil / Gas / Energy / Mining 4,799,700 XAF
Fuel Cell Engineer Oil / Gas / Energy / Mining 5,292,500 XAF
Fuel Cell Technician Oil / Gas / Energy / Mining 2,698,900 XAF
Fuels Handler Oil / Gas / Energy / Mining 2,485,800 XAF
Gas Compressor Operator Oil / Gas / Energy / Mining 2,339,200 XAF
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 4,187,600 XAF
Gas Supply Manager Oil / Gas / Energy / Mining 7,848,500 XAF
Geologist Oil / Gas / Energy / Mining 8,962,200 XAF
Geophysicist Oil / Gas / Energy / Mining 9,841,900 XAF
Geothermal Production Manager Oil / Gas / Energy / Mining 8,737,100 XAF
Geothermal Technician Oil / Gas / Energy / Mining 3,455,900 XAF
HSE Engineer Oil / Gas / Energy / Mining 4,956,800 XAF
HSE Officer Oil / Gas / Energy / Mining 3,217,900 XAF
HSE Supervisor Oil / Gas / Energy / Mining 3,850,500 XAF
HSEQ Administrator Oil / Gas / Energy / Mining 3,781,400 XAF
Inspector Oil / Gas / Energy / Mining 4,642,200 XAF
Instructor Oil / Gas / Energy / Mining 4,391,800 XAF
Instrument Designer Oil / Gas / Energy / Mining 3,898,100 XAF
Lead Technical Field Advisor Oil / Gas / Energy / Mining 7,007,800 XAF
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 4,429,300 XAF
Maintenance Engineer Oil / Gas / Energy / Mining 5,017,100 XAF
Maintenance Superintendent Oil / Gas / Energy / Mining 4,558,700 XAF
Material Controller Oil / Gas / Energy / Mining 3,421,600 XAF
Mine Engineer Oil / Gas / Energy / Mining 5,146,100 XAF
Mine Surveyor Oil / Gas / Energy / Mining 5,676,700 XAF
Mining Project Administrator Oil / Gas / Energy / Mining 4,752,100 XAF
Mining Project Assistant Oil / Gas / Energy / Mining 3,781,400 XAF
Mining Project Controls Consultant Oil / Gas / Energy / Mining 5,784,200 XAF
Mining Project Coordinator Oil / Gas / Energy / Mining 4,570,300 XAF
Mining Project Manager Oil / Gas / Energy / Mining 6,382,300 XAF
Mining Site Manager Oil / Gas / Energy / Mining 6,971,100 XAF
Mining Team Leader Oil / Gas / Energy / Mining 5,232,400 XAF
NDT Technician Oil / Gas / Energy / Mining 3,085,500 XAF
Oil Service Unit Operator Oil / Gas / Energy / Mining 2,807,200 XAF
Oil Trader Oil / Gas / Energy / Mining 6,754,900 XAF
Oilwell Pumper Oil / Gas / Energy / Mining 1,930,500 XAF
Petroleum Engineer Oil / Gas / Energy / Mining 5,843,600 XAF
Petroleum Geologist Oil / Gas / Energy / Mining 8,940,400 XAF
Petroleum Pump System Operator Oil / Gas / Energy / Mining 2,844,200 XAF
Petroleum Technician Oil / Gas / Energy / Mining 3,047,800 XAF
Pipeline Technician Oil / Gas / Energy / Mining 2,038,500 XAF
Power Coordinator Oil / Gas / Energy / Mining 3,156,400 XAF
Power Plant Operations Manager Oil / Gas / Energy / Mining 10,080,900 XAF
Power Plant Operator Oil / Gas / Energy / Mining 4,129,300 XAF
Radio Operator Oil / Gas / Energy / Mining 2,221,600 XAF
Reliability Engineer Oil / Gas / Energy / Mining 5,063,200 XAF
Reservoir Engineer Oil / Gas / Energy / Mining 4,943,500 XAF
Risk Analyst Oil / Gas / Energy / Mining 6,024,400 XAF
Roughneck Oil / Gas / Energy / Mining 5,351,400 XAF
Scaffolder Oil / Gas / Energy / Mining 3,205,100 XAF
Shutdown Engineer Oil / Gas / Energy / Mining 4,260,400 XAF
Solar Energy Installation Manager Oil / Gas / Energy / Mining 7,801,800 XAF
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 5,305,100 XAF
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 3,239,400 XAF
Solar Thermal Technician Oil / Gas / Energy / Mining 3,288,400 XAF
Supply Operations Manager Oil / Gas / Energy / Mining 8,807,800 XAF
Sustainability Specialist Oil / Gas / Energy / Mining 7,848,500 XAF
System Development Advisor Oil / Gas / Energy / Mining 5,711,000 XAF
Tanker Truck Driver Oil / Gas / Energy / Mining 2,065,400 XAF
Utility Operator Oil / Gas / Energy / Mining 2,711,900 XAF
Wind Energy Project Manager Oil / Gas / Energy / Mining 6,862,900 XAF

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