Australia Zambia Business Council Inc’s Post

Saudi Arabia Eyes Major Stake in Zambian Copper Mine Saudi Arabia is in advanced negotiations to acquire a significant stake in a Zambian copper mine, with a deal expected by year-end, according to Ma'aden CEO Robert Wilt. Manara Minerals, a joint venture between Ma'aden and Saudi Arabia’s Public Investment Fund, aims to secure a 15-20% share in Canadian miner First Quantum Minerals’ copper and nickel assets in Zambia. The potential $1.5-$2 billion investment aligns with Saudi Arabia's Vision 2030, emphasizing economic diversification beyond oil. Wilt highlighted copper’s essential role in the energy transition, positioning it as a priority for Manara’s international mining interests. This expansion builds on Manara’s recent acquisition of a 10% stake in Vale’s copper and nickel division, reinforcing Saudi Arabia’s commitment to securing critical resources for its industrial growth.

🌍 West Africa: The Rising Star of Global Mining – Are You Ready to Invest? 🌍 2024 is shaping up to be a pivotal year for West Africa, which is fast becoming one of the most attractive regions globally for mining and investment. Countries like Ghana, Mali, Guinea, Côte d’Ivoire, Burkina Faso, and Senegal are seeing significant growth, driven by key mining projects and favorable business conditions. 🚀 Why Invest in West Africa? 1. Abundant Resources: The region is rich in gold, bauxite, iron ore, and critical minerals like lithium and cobalt. Projects like the Simandou Iron Ore Project in Guinea, the Doropo Gold Project in Ivory Coast , and the Koné Gold Project in Côte d’Ivoire are driving substantial interest from global mining giants 2. Investor-Friendly Policies: Many West African countries have reformed their mining codes, making it easier for international investors. Côte d’Ivoire, for instance, offers tax incentives that encourage foreign direct investment . 3. Sustainability and ESG: Companies operating in the region are increasingly focusing on sustainable and responsible mining practices. ESG (Environmental, Social, and Governance) compliance is becoming a key factor for international partnerships . 4. Diverse Opportunities: Beyond mining, West Africa offers potential in sectors like agriculture, energy, infrastructure, and tourism, with reforms and development plans supporting growth. 5. Great People and Skilled Talents: West Africa boasts a youthful and skilled workforce. The region is rich in talent across various industries, from technical expertise in mining to innovative entrepreneurs, making it an excellent destination for companies looking to expand or establish operations 💼 Is West Africa on your radar for investment or business expansion? The opportunities are vast, and the timing couldn’t be better to explore this dynamic region. 🔗 #Mining #WestAfrica #GoldMining #InvestmentOpportunities #SimandouProject #DoropoProject #KoneProject #ESG #Sustainability #AfricaInvestments #BusinessExpansion

Anglo American is in the early stages of exploring for #copper and #cobalt in Zambia's North-Western province, its chief executive officer Duncan Wanblad said on Monday 5th February 2024. "Zambia's mining sector appears to be on track for renewed activity -and that is good for Zambia and African mining," Wanblad told delegates at the African Mining Indaba in Cape Town. "I am pleased that we are progressing with early-stage exploration in Zambia's North-Western Province to identify potential copper and cobalt opportunities." However, Wanblad also said much more needed to be done to make a compelling argument for #Africa given intense global competition. "We sometimes forget this simple truth: mining jurisdictions across the world are competing for every dollar of investment. Capital is highly mobile and, increasingly, as we are all seeing, the best capital will go to those countries that are set on making themselves competitive for the long term." Anglo American aims to cut capital expenditure by $1.8 billion by 2026, as it grapples with a fall in demand for most of the #metals it mines and a writedown for its British fertilizer project. The company joined peers, including Rio Tinto, Teck Resources and Glencore, in reporting lower profits and returns in the first half of the year, as reduced economic growth hit #commodity prices. https://lnkd.in/e3RDHV89 Zambia🇿🇲 is an #AfCFTA member country #Mining #FDI #Forex #Metal #Markets #GDP #Growth #Economy #Trade #FX #GlobalTrade #WorldEconomy

Our Lili Nupen being part of the conversation at the #JoburgIndaba2024. See what she has say below… and for more in-depth insights into her views around how we can improve our mining legislation, take a read of her article in the latest #SAMining on “How to make good law, better”. #mininglawyer #mininglaw #mininglegislation

The Mining Indaba began on Monday with remarks from the South African and Zambian presidents, Prime Minister of the DRC and the South African Minister for Mineral Resources and Energy. Whilst they admitted a number of challenges facing the sector - including high commodity and energy prices and geopolitical challenges, it was great to hear success stories from leveraging on technology in defining the orebody and improving productivity. All the 3 Governments stressed on local beneficiation and social responsibility and reiterated their commitment to keep improving the mining investment climate. The highlight of the day was the #Tanzania Country showcase by the The Ministry of Minerals of Tanzania in collaboration with the Tanzania Chamber of Mines (TCM) that featured remarks by the Permanent Secretary of the The Ministry of Minerals of Tanzania - Kheri Mahimbali, an address by the Deputy Minister for Minerals - Dr Steven Kiruswa, followed by the Geological Survey of Tanzania among other speakers that highlighted the country’s massive mineral endowment and #investment opportunities in Tanzania. The session was also graced by a panel discussion by the existing investors - AngloGold Ashanti, Barrick Gold Corporation, Tembo Nickel, TRX Gold Corporation and Black Rock Mining Ltd, telling their story on factors that led their investment in Tanzania, such as the quality of the assets, political stability and Government’s commitment to the sector. #MI24

A major win for President HH! This article highlights a potentially substantial investment by the UAE-based company, IHC, in a Zambian copper mine is a testament to the dynamic nature of the Zambian and African mining environment. This investment is a significant boost towards Zambia's goal of tripling copper output to 3 million tons per annum. Moreover, such investments are crucial for Zambia to sustainably manage its debt crisis, especially considering that last year’s copper production fell to a 14-year low. The geopolitical competition to secure access to green metals is diversifying daily, with new BRICS members like Saudi Arabia and the UAE joining the fray. IHC, in particular, seems well-positioned to succeed against other shortlisted investors, including mining heavyweights South Africa's Sibanye Stillwater and China’s Zijin Mining Group. In essence, this development underscores the fact that the drive towards a zero-emission global economy, while still a long way off, is already influencing and will likely continue investments in places like Zambia and the DRC. For companies looking to seize these opportunities, it’s crucial to establish a presence within Zambia, rather than attempting to access opportunities from outside. Africa Deployments can assist you in establishing a presence in the country using our Employer of Record solution, without the need to register a local legal entity. Feel free to reach out to me for an appointment or click on the link below for more information. #CopperMining #IHCInvestment #GreenMetals #BRICSNations #ZeroEmissionEconomy #AfricaDeployments #EmployerOfRecord https://lnkd.in/dug9Mt6y

Liberia, a small West African nation, is emerging as a promising destination for gold mining investments. With ancient rock formations similar to major gold-producing regions, the country boasts significant untapped potential in its mineral wealth. 'The Republic of Liberia has a business-friendly government and currently receives one of the highest levels of direct foreign investment in West Africa,' according to estimates by Pasofino Gold (@pasofinogoldltd), an exploration company eyeing opportunities in the region. The pro-mining Liberian government collaborates closely with companies like Pasofino to ensure responsible mining practices and community development. As part of its Mineral Development Agreement, Pasofino has conducted comprehensive assessments to provide training, infrastructure, and social services for local communities. With a favorable geological landscape, straightforward permitting processes, and government incentives for exports, Liberia presents an attractive investment climate. The country's GDP is projected to grow by over 5% annually through 2026, driven partly by the mining sector's contribution of around 10%. Pasofino's Dugbe Gold Project, estimated to be worth almost $1.8 billion at current gold prices, exemplifies the region's promising prospects. As Liberia's importance in the global mineral economy continues to rise, companies like Pasofino are well-positioned to capitalize on this untapped frontier. #mining #gold #westafricaeconomy #liberiaeconomy #responsiblemining @mentions: @pasofinogoldltd

“How to make sure Africa remains competitive in the current rush for critical minerals in the heightened geopolitical environment?” Excellent panel on the geopolitics of #criticalminerals now at Investing in African Mining Indaba on “Not letting a good crisis go to waste”.. Richard Morgan the Head of International Political Risk and Governance at Anglo American says that the “crisis will come from the squeeze”.. Long lead times in mining unavoidable! Kojo Busia, Executive Director of Green African Minerals FZCO, takes a retrospective view that the rise of value-addition has been one of the greatest developments in mineral supply chains. No reason not to have a “critical mass of African exploration companies”. African-owned, African-led mining companies.. 👍🏻👍🏻 “There is a conflict of interest for value-addition.. we are back to the days of industrial policy..” Martin Lokanc from The World Bank emphasising the need for collaboration and coordination, but the challenge being that it takes time to form regional partnerships.. “The problem of mining is not profitability but reputation”, says Joaquim Nunes de Almeida from European Commission Another fascinating panel from Investing in African Mining Indaba 🇿🇦👈🏻 #geopolitics #geopoliticalrisk #mining #mi24

This year’s Investing in African Mining Indaba did not disappoint! On its 30th anniversary – with new programming – the #DistruptiveDiscussions brought forth many opportunities to engage with traditional and new collaborators, exchange ideas and shape the future of the African mining sector and its ever-increasing range of stakeholders. We were privileged to be counted among the #VoicesofDisruption, through multiple panel discussions – covering topics from the impact of mineral export bans on investment opportunities; the environmental sustainability of key green minerals; and how new technology is changing exploration; to what a successful business relationship between car manufacturers and African miners looks like. Adjacent forums such as the annual DRC Breakfast and Invest Africa Ltd Mining Series provided further opportunities to connect and explore the possibilities that lie ahead for the African mining industry. Eurasian Resources Group was also proud to facilitate valuable conversations and cross-sector collaborations, by sponsoring the networking and exchange hub – The MINE. #MiningIndaba2024 #PositiveDisruption #PoweringPossibility #AfricanMiningIndaba #TeamERG

Discover how the S3 expansion will extend Kansanshi's mine life, boost copper production to over 200,000 tonnes annually, and drive economic development in Zambia. 💰🌍 Read more about this exciting development here: https://lnkd.in/dME6djr7 👷♂️✨ #MiningInnovation #S3Expansion #ZambiaDevelopment #MiningNewsZambia #ZambiaMining #MiningMagazine