Founder of WhyAfrica and Endorphin Expeditions. Specialist in the sustainable use of natural resources in Africa. Editor of the WhyAfrica magazine. I research, analyse and share information about Africa.
New discoveries of critical minerals in Africa were highlighted at the recent Future Minerals Forum 2024, held in Riyadh, Saudi Arabia. Amongst others, significant discoveries of lithium and cobalt in countries like Mali and Namibia fuelled excitement for investment by the Kingdom of Saudi Arabia.
The forum also saw some concerns about social and environmental impacts being raised. While the forum emphasised responsible mining, some news coverage raised concerns about potential negative impacts on local communities and the environment if mining projects are not managed sustainably and potentially not meeting the goals as set out in Vision 2023 #whyafrica#africa#saudiarabia#mining#exploration#miningnews#copper#cobalt#lithium#namibia#mali#criticalmineralshttps://lnkd.in/dJJKFnqw
Unearthing Namibia's Potential: Beyond the Lithium Boom
The Namibian landscape is captivating the minerals world, with headlines ablaze about soaring lithium and cobalt discoveries. But beyond the thrill of "Eureka!" lies the complex reality of translating geological promise into profitable ventures.
Building a mine is more than just digging a hole. It's a symphony of meticulous research, intricate financial modelling, and substantial capital investment. Every decision hinges on reliable data, which is where comprehensive drilling programs – both RC and DC – come in. These programs reveal the secrets of the subsurface, guiding feasibility studies and informing responsible financial projections.
However, this journey requires patience and trust. Investors need assurance that their capital is in good hands, navigating a landscape where meticulous planning meets long timelines and significant cash needs.
Fortunately, Namibia offers a compelling proposition. Our cobalt is conflict-free, shining a bright light on responsible mining practices. Moreover, the government's commitment to transparency and good governance fosters an environment of trust essential for long-term partnerships.
But here's the crucial point: investing in Namibia's minerals means investing in Namibian people. Building lasting legacies demands a commitment to local communities, from employing talented professionals to empowering skilled contractors. This isn't just due diligence; it's the bedrock of sustainable development and shared prosperity.
By partnering with local expertise and nurturing Namibian talent, investors become architects of a brighter future. They not only unlock the riches beneath the sand but also sow the seeds of a thriving mining ecosystem that benefits generations to come.
This is Namibia's invitation: embrace the challenge, build trust, and partner with us to unearth not just minerals, but a shared success story.
#whyafrica#africa#saudiarabia#mining#exploration#miningnews#copper#cobal#lithium#namibia#mali#criticalminerals#stewardshipgroup
Founder of WhyAfrica and Endorphin Expeditions. Specialist in the sustainable use of natural resources in Africa. Editor of the WhyAfrica magazine. I research, analyse and share information about Africa.
New discoveries of critical minerals in Africa were highlighted at the recent Future Minerals Forum 2024, held in Riyadh, Saudi Arabia. Amongst others, significant discoveries of lithium and cobalt in countries like Mali and Namibia fuelled excitement for investment by the Kingdom of Saudi Arabia.
The forum also saw some concerns about social and environmental impacts being raised. While the forum emphasised responsible mining, some news coverage raised concerns about potential negative impacts on local communities and the environment if mining projects are not managed sustainably and potentially not meeting the goals as set out in Vision 2023 #whyafrica#africa#saudiarabia#mining#exploration#miningnews#copper#cobalt#lithium#namibia#mali#criticalmineralshttps://lnkd.in/dJJKFnqw
New discoveries of critical minerals in Africa were highlighted at the recent Future Minerals Forum 2024, held in Riyadh, Saudi Arabia. Amongst others, significant discoveries of lithium and cobalt in countries like Mali and Namibia fuelled excitement for investment by the Kingdom of Saudi Arabia.
The forum also saw some concerns about social and environmental impacts being raised. While the forum emphasised responsible mining, some news coverage raised concerns about potential negative impacts on local communities and the environment if mining projects are not managed sustainably and potentially not meeting the goals as set out in Vision 2023 #whyafrica#africa#saudiarabia#mining#exploration#miningnews#copper#cobalt#lithium#namibia#mali#criticalmineralshttps://lnkd.in/dX7c_AHE
This article has some nice statistics on the staggering growth and potential that the critical minerals mining sector hold for companies, Africa and its people. As always the question is will African governments have the wherewithal to deal with the demand in a way that will benefits Africans, a central question to the article below. I think with the #AfCFTA gaining traction, for the first time in Africa's history we have the continental and institutional infrastructure to deal with the #criticalmineralsrush differently, and to the benefit of Africans. In the meantime, companies can immediately and easily support local content in Africa by using the #employerofrecord solution offered by #AfricaDeployments to compliantly and easily employ Africans to execute these projects. #AfricaforAfricans#AfCFTA#Criticalmineralsrushhttps://lnkd.in/dSishQZ2
#Africa vs #criticalminerals
Africa’s vast unexplored mineral wealth makes the continent more critical in the race to secure the supplies needed to achieve decarbonisation and to meet the global demand for critical minerals.
Africa holds 30% of the world’s mineral reserves and as of 2022, counts for less than 10% of the global mining exploration spend. According to S&P Global World Exploration Trends 2023, exploration allocations on the continent increased by 11.6% – less than the global average.
The need for Africa’s mining industry to embrace finding a solution and a path toward positive change in order to become a meaningful global competitor, as critical minerals are required to drive a sustainable future for the planet cannot be underestimated.
“The race is on to secure critical minerals which contribute towards the overarching need to deliver a low carbon economy. Disruptive conversations on how to open the gates to exploration in Africa are a key feature for Investing in African Mining Indaba 2024.
The demand for energy transition minerals (ETM) needed for the global energy transition is expected to increase significantly in the future. This presents Africa with a unique opportunity to promote economic development, diversify industries, and reduce carbon emissions. To support Africa in meeting the growing demand for ETM, a coordinated approach involving the World Bank, international and regional partners, and authorities is necessary.
Source: #miningreview 👇 👇👇
https://lnkd.in/dUNvAngV#climatechange#globalenergy#africarising
Mauritania: Dig deep to aim high: how to use mining to unlock Mauritania’s potential
A brilliant article by our Deputy Director General for North Africa Malinne Blomberg on the natural gas and green hydrogen potential of Mauritania
Sustainable mining is a key part of the equation and the Bank has been supporting the key players in this space and Mauritania towards the greening of its economy.
DGA Malinne says 'With its rich natural resources and strategic investments, Mauritania is poised to leap forward. With good policies and governance, Mauritania can achieve a true transformation, harnessing its natural wealth to build a prosperous and sustainable future'
https://lnkd.in/gVnKxsE8
In a strategic move, Nigeria and Saudi Arabia are intensifying their collaboration to boost the development of solid minerals. 💎
The Minister of Solid Minerals Development, Dr. Dele Alake, and Saudi counterpart Bandar AlKhorayef led delegations in a crucial bilateral meeting during the Future Minerals Forum in Riyadh. 🤝
How do you anticipate this partnership influencing the mining sector's growth in both nations? Share your thoughts below!
#Mining#NigeriaSaudiPartnership#MiningDevelopment#MineralExploration
Despite holding similar known
geological frameworks as neighboring
countries such as the Democratic
Republic of the Congo (DRC) and
northern Uganda, reliable information
on the potentiality of South Sudan's
mineral reserves is not yet readily
accessible. The DRC serves as the
world's 16th largest gold producer,
accounting for 2% of global production.
The Kibali gold mine serves as one of
the largest gold mines of its kind in
Africa, producing 343,000 ounces of
gold in 2023 and showcasing a high
potential for similar gold deposits in
South Sudan.
In 2022, exploration surveys in Uganda
led to the discovery of approximately 31
million tons of gold ore deposits, from
which an estimated 320,158 tons of
refined gold could potentially be
extracted, valued at US$12.8 trillion.
The geological framework in South
Sudan comprises three main units, two
of which show regionally correlated
gold sequences with northern Uganda.
