Ibrahim S.’s Post

Saudi Arabia has huge ambitions in the critical minerals sector and has identified Africa as a big investment opportunity. 📍This comes at an opportune time when several African countries are exploring ways to process minerals at home in order to drive the economic development of their countries.  📍It is good to see that high on the agenda of Saudi’s priorities includes helping African countries to build up their infrastructure and capacity 📍This will support the local processing of raw minerals, allowing Africa to capture more of the economic value of their resources. While Saudi’s plans to invest in African critical minerals could hold a great opportunity for the continent, it is vital to ensure governments and investors work together to ensure this is carried our properly, ensuring sustainable development and economic growth for both parties. Read more - https://lnkd.in/dyqnGcfp

Saudi Arabia accelerates diversification into lithium and gold sectors.

Get ready for an economic boom! Saudi administration anticipates a staggering $20 billion in agreements at the annual minerals conference in Riyadh this week. Get the inside scoop from our latest blog. 💰🌐 #SaudiEconomy #MineralsConference #EconomicDevelopment

Get ready for an economic boom! Saudi administration anticipates a staggering $20 billion in agreements at the annual minerals conference in Riyadh this week. Get the inside scoop from our latest blog. 💰🌐 #SaudiEconomy #MineralsConference #EconomicDevelopment

🌍🔑 Africa's mineral market is evolving, with the Middle East playing a pivotal role in this transformation. As influential nations like the UAE, Qatar, and Saudi Arabia expand their investments in critical minerals such as lithium and cobalt, new opportunities for sustainable development are emerging across Africa. With projects like #RHATungsten in Zimbabwe and Buenassa in the DRC, along with the development of strategic trade routes like the Lobito Corridor, the continent is positioning itself as a key player in the global supply chain. Exciting times lie ahead for the future of Africa’s mining industry! Read my latest article: https://shorturl.at/0WDX1 #AfricaMining #MiddleEastInvestments #SupplyChainTransformation #Sustainability #Buenassa #DRC #Menaf

A fascinating article shedding light on a new scramble for Africa, but with a post-colonial twist. The Copperbelt, which straddles northern Zambia and the southern part of Congo, still holds some of the world's richest deposits of copper and cobalt. Western governments and industry players seem to have realized that if they are strategically short of energy transition metals, there's only one place to head - the continent of Africa. DRC's President Felix Tshisekedi's government is taking a harder line with some of the Chinese investment deals struck under his predecessor Joseph Kabila. Could this be a signal for a newfound friendship with Western governments, or is the U.S. finally waking up from its long nap and just now reading its "cables"? #Africa #Copper #Cobalt #EnergyTransition #Investment #China #U.S.

https://lnkd.in/dz-zyVwH <<The African Minerals Strategy Group (AMSG) was formed at the Future Minerals Conference held in Saudi Arabia in January 2024. The fundamental purpose of this group is to unite Africans and maximise benefits from the continent’s mineral resources. Reports indicate that 15 countries have pledged their support towards this cause and there are expectations that more countries will join the AMSG. The appointment of Nigeria’s Minister of Solid Minerals Development, Dr Oladele Alake’s as the chairperson of the group, has inspired confidence that Africa’s placement within the global value chain will be emphasised and prioritised.>> #minerals #sustainabity #GVC #AMSG #report #2024 #ESG #development

How international governments are partnering with African governments and the mining industry in pursuit of critical minerals and metals. ~ With Vision 2030 in view, KSA is looking to increase its investments in projects focused on critical minerals across Africa. ~ Government's agility is required to partner with host communities. ~ Resource nationalism is an interesting opportunity for African markets, so mineral processing capacities should be built to enable African countries trade their commodities in global markets. ~ Domestic beneficiation in African markets should be supported in order to build sustainable mining ecosystems. ~ African countries need to come onboard the Development Finance Corporation, an initiative by the U.S government to finance complex challenges in developing markets. Peter Leon, Partner & Africa Chair, Herbert Smith Freehills Bernd Schäfer, CEO & MD, EIT RawMaterials Deshnee Naidoo, former CEO Vale Base Metals Gracelin Baskaran, PhD, Director, Project on Critical Minerals Security, Center for Strategic and International Studies (CSIS) Abdulrahman AlBelushi, Asst Deputy Minister, Mineral Resources, Ministry of Industry & Mineral Resources, Saudi Arabia #wimuk #londonindaba

Africa is the richest land with the poorest people. It is so painful even the energy transition happening now where most critical minerals are coming from Africa, the countries and its people remain poor.

Minerals in Africa are the bedrock of the global economy, powering industries worldwide. From gold and diamonds to cobalt and lithium, Africa's rich resource base fuels innovation and development globally. However, the current paradigm sees these minerals leaving the continent as raw materials, depriving African nations of significant economic opportunities. To truly harness the potential of these resources, there's a pressing need for local value addition. By investing in processing and manufacturing capabilities locally, Africa can shift the narrative and maximize the benefits of its abundant mineral wealth. It's time to empower African economies and communities through value addition and ensure that Africa rises as a leader in the global minerals revolution #mining #innovation #valueaddition Video credit to TRT