Peak Rare Earths’ Post

🚀 Namibia’s Weekly Business and Economic Update 🚀 🚀 Trigon Metals Funding: Trigon Metals secures a N$46 million working capital advance for Kombat Mine from IXM S.A., boosting mining operations. #MiningFinance #KombatMine 💧 Desalination Project: NAMWATER and Husab Mine near financial closure for a N$3 billion coastal desalination plant, a significant step towards water security. #DesalinationPlant #NamWater 🏢 NAMFISA Headquarters: The construction of NAMFISA’s new headquarters will create 150 jobs, representing a substantial investment in Namibia’s financial supervisory capacity. #NAMFISA #JobCreation 📊 NSA Income Survey: The Namibia Statistics Agency to create 171 temporary jobs for a nationwide income and expenditure survey, providing valuable economic insights. #NSA #EconomicSurvey 📑 Mass Registration Program: The @Ministry of Home Affairs, Immigration, Safety and Security benefits 98,500 citizens through its Mass Registration Programme for national documents. #NationalIdentity #Namibia 👩💻 Women in Tech: mtc. hosts the second Women in Tech Conference, empowering female professionals in the technology sector. #WomenInTech #MTCNamibia 💼 Galp Energia Investment: Galp Energia invests N$2.1 billion in upstream projects in Namibia, marking a significant commitment to the country’s energy sector. #GalpEnergia #EnergyInvestment 🛒 O&L and Pick n Pay: O&L Group to terminate its franchise agreement with Pick n Pay South Africa, signaling a shift in the retail landscape. #RetailIndustry #PicknPayNamibia

Lake Volta – Ghana #Lake Volta, the largest artificial reservoir in the world based on surface area, is contained behind the Akosombo Dam which generates a substantial amount of Ghana's electricity. It is completely within the country of Ghana and has a surface area of 8,502 square kilometres (3,283 sq mi; 2,101,000 acres). It extends from Akosombo in the south to the northern part of the country. Lake Volta lies along the Greenwich meridian, and just six degrees of latitude north of the Equator. The lake's northernmost point is close to the town of Yapei, and its southernmost extreme is at the Akosombo Dam, 520 km (320 mi) downstream from Yapei. Akosombo Dam holds back both the White Volta River and the Black Volta River, which formerly converged where the middle of the reservoir now lies, to form the single Volta River. The present Volta River flows from the outlets of the dam's powerhouse and spillways to the Atlantic Ocean in southern Ghana. The main https://lnkd.in/dw_BchTQ #NATURE #WHATTOVISITTOURISM

🌟Exciting developments in sustainable raw materials! AfricaMaVal recently organized a key workshop in #Africa focusing on critical and strategic raw materials investment opportunities in the Democratic Republic of Congo (DRC). 🤝 The European Union and the DRC recently concluded a Memorandum of Understanding on sustainable value chains for critical and strategic raw materials. This agreement aims to support European industry investment opportunities in both industrial and artisanal/small-scale mining in the DRC, along with associated infrastructure and value chains. 💼 During the workshop, discussions focused on sharing ideas, addressing expectations, and tackling challenges related to investment opportunities in the DRC's critical and strategic raw materials sector. Insights gathered will contribute to developing ideas for the DRC-EU raw materials partnership and the #AfricaMaVal project. Exciting times ahead as we collaborate to build sustainable value chains and foster partnerships between Africa and the EU - Thanks to all participants! #AfricaMaVal #EU #RawMaterials #InvestmentOpportunities Association of Women in Mining in Africa Jean Claude Guillaneau BRGM LNEG Levin Sources HCF International Advisers Ltd DMT GROUP EuroGeoSurveys EIT RawMaterials Federal Institute for Geosciences and Natural Resources (BGR) BRGM NUST Namibia World Resources Forum LGI

🌍🔋 Paving the Way for Malawi's Role in Electric Vehicles (EVs) Development With the growing interest in electric vehicles (EVs) across Africa, driven by increasing investments, better access to electricity, and evolving government priorities, Akatswiri Mineral Resources is at the forefront of this transformation through its Chambe Basin Rare Earth Elements (REEs) Project. As we explore the vast REEs deposits in the Chambe Basin, we are committed to facilitating Malawi’s active participation in the global EV market. These critical minerals are essential for the production of EV batteries, motors, and other components, marking a pivotal step in our nation's industrial development. Join us on this exciting journey as we help drive the future of green mobility and sustainable development in Malawi and beyond! 🌿🚗 Learn more: [Chambe REE Project Overview](https://lnkd.in/dj62mfvN) Contacts: +265 999 168 875 or +265 993 637 201. Or email: contact@akatwiri.com #AkatswiriMinerals #MineralResources #MiningIndustry #ElectricVehicles #GreenEnergy #MalawiInnovation #SustainableDevelopment #AkatswiriMineralResources #ChambeREEs #EVRevolution #MiningforTheFuture

South Africa's🇿🇦 Limpopo province sees renewed confidence in the economic potential of the Waterberg PGM project, with the latest definitive feasibility study (DFS) highlighting a 54-year life-of-mine outlook from December 2025. The R18.8-billion joint venture is expected to generate 2,000 construction jobs and 1,425 permanent positions, boosting the region's economy.

Wing Wah Oil Company’s Banga Kayo project in the Republic of the Congo has been a beacon of integration and scalability in the oil and gas sector. Aiming for 500,000 bpd, the project is currently producing 45,000 bpd and targeting 80,000 bpd at peak. It integrates advanced gas treatment, efficient water management, and local community development, providing a sustainable model for Africa. The project's phased expansion approach and scalable design ensure maximum efficiency and reduced emissions, offering a reliable energy source for local communities. Employing over 3,000 people, mostly Congolese, Banga Kayo exemplifies how international partnerships can drive African energy development. This model should be replicated across the continent to address energy poverty and promote sustainable growth. How can other regions adopt similar integrated projects to enhance energy production and sustainability? #Energy #OilAndGas #Sustainability #CommunityDevelopment #WingWah #Congo

Will Africa's $16 Trillion Critical Mineral Boom Impact the Global Economy? Is your business ready to tap into Africa's projected $16 trillion mineral market over the next 25 years? Discover the strategic opportunities this could create for global industries and African economies. Africa's vast critical mineral reserves are set to play a pivotal role in the global transition towards renewable energy and advanced technologies. 🔑 Key Insights: Sub-Saharan Africa holds 30% of the world's proven critical mineral reserves. The DRC accounts for over 70% of global cobalt output, essential for battery tech. Projected revenue from these minerals could reach $16 trillion in the next 25 years. The real value lies in local processing and refining, significantly increasing the market value of these resources. For example, processing raw bauxite into aluminum can amplify its value immensely. Investing in Africa's mineral wealth isn't just about extraction—it's about fostering sustainable development and building a resilient supply chain. This requires developing robust infrastructure and regulatory frameworks, creating favorable business environments, and enhancing regional collaborations. To investors and businesses, my advice is clear: look beyond immediate gains and commit to sustainable practices that ensure long-term benefits for both your portfolios and the African communities hosting these resources. The future is here, and Africa is ready. 🌍💡 #AfricanMinerals #RenewableEnergy #GlobalInvestment #CriticalMinerals #SustainableDevelopment

A summary of Sarawak's mineral resources: • Estimated value: Over RM1.252 trillion • Resource area: 39,824 square kilometers (32% of Sarawak's land area) • Mineral types: - Silica sand - Limestone - High-value strategic minerals (Non-Radioactive Rare Earth Elements, NR-REE) • Potential applications: - Photovoltaic glass (solar power) - Clinker and cement industry - Various high-tech applications (magnets, alloys etc.) The Sarawak government is requesting more funding to further explore these resources and develop downstream industries based on them. It seems like Sarawak is looking to leverage its mineral wealth to promote economic development and potentially contribute to green energy initiatives [Sarawak Legislative Assembly (DUS), May 15, 2024]

⛏ Planning to attend the #EUZambiaBusinessForum in #Kitwe, Zambia next month? ▫ Executive Director Stefan Crets, CSR Europe will partake in conversations on behalf of CSRE and Drive Sustainability on how the sourcing of #rawmaterials, such as copper-ore, can contribute to the development of local value chains, enhance local socio-economic impacts and increase the availability of sustainably sourced raw materials for the green transition. ▫ Concrete examples such as the gained experience in the #Extractives4Sustainability project* carried out in South Africa & the DRC, will be shared to highlight that the empowerment of local actors in the sustainability journey is essential to advance #sustainability in the #miningsector. 👇 More details & registration below! *𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘰𝘧 𝘵𝘩𝘦 Federal Ministry for Economic Cooperation and Development (BMZ) 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘵𝘩𝘦 Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH #CopperIndustry #GlobalGateway #DriveSustainability