Railways Africa Magazine’s Post

Trafigura and Kamoa Copper S.A. have inked long-term commitments to utilize the Lobito Atlantic Railway for transporting minerals during the ongoing Investing in African Mining Indaba 2024 Trafigura-Kamoa-Kakula agreements mark a pivotal milestone in leveraging Africa’s vast mineral resources. It also enhances trade connectivity and infrastructure. More so, paving the way for sustained economic development and regional integration. https://lnkd.in/dGXF_df3

𝐌𝐢𝐧𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 | 𝐆𝐮𝐢𝐧𝐞𝐚: 𝐆𝐀𝐂 𝐬𝐢𝐠𝐧𝐬 𝐚 𝐭𝐞𝐫𝐦 𝐬𝐡𝐞𝐞𝐭 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐧 𝐚𝐥𝐮𝐦𝐢𝐧𝐚 𝐫𝐞𝐟𝐢𝐧𝐞𝐫𝐲 In a significant development for Guinea's mining industry, the government and Guinea Alumina Corporation Ltd. (GAC), which operates a bauxite mine in the Boké region, in the northwest of the country signed a Term Sheet on June 6, 2024. This agreement marks a decisive step in the development of an alumina refinery at Sangaredi, representing a major step forward in the country's commitment to adding value to its natural resources. This project is not only a milestone for GAC's operations in the Boké region but also a catalyst for economic growth and job creation in northwest Guinea. #EconomicDevelopment #Government #GAC #Mining #Guinea #FocusMines #Alumina #refinery

Victorian Mining Equipment, Technology and Services #METS companies, if #Africa is on your radar, you cannot miss these essential business webinars. Global Victoria's Alex Veale joins Collins Rex in this two-part webinar series exploring how Victorian METS companies can tap into the dynamic markets of Southern Africa and West Africa. They'll investigate the opportunities and challenges for Victorian METS companies doing business in Southern and West Africa, examine market entry models and unpack the intricacies of regional trading blocs and how the African Continental Free Trade Area (AfCFTA) impacts Australian exporters. They'll also feature case studies of Victorian companies that have successfully established a presence in both Southern and West Africa. Head to our website to register to attend one or both of the webinars for free here: https://lnkd.in/gRam7cYM #VictorianMETSCompanies #SouthernAfrica #WestAfrica #DynamicMarkets #BusinessConnections #ExpansionOpportunities

Who is the biggest copper producer in the world? In 2022, Chile produced around 5.6 million metric tons of copper, accounting for approximately 28% of global copper production. #chile #copper #production Chile has massive copper reserves concentrated in the Atacama Desert in northern Chile. Some of the largest copper mines in the world are located here, including Escondida, Collahuasi, Los Pelambres and El Teniente. #atacamadesert #mines #escondida #collahuasi #lospelambres #elteniente State mining company Codelco is the largest copper producer in Chile and one of the biggest in the world. However, major private mining firms like BHP, Rio Tinto and Anglo American also have significant operations in Chile. #codelco #bhp #riotinto #angloamerican Copper mining is critically important to Chile's economy, accounting for over half of the country's total exports and around 10% of its gross domestic product (GDP). #chileeconomy #exports #gdp After Chile, the next largest producers are Peru, China, the Democratic Republic of Congo and the United States, though their output lags far behind Chile's. #peru #china #drc #usa #production Visual Capitalist Details: https://lnkd.in/ebGqTgGn

#copper Congo sells copper from joint ventures for the first time The Democratic Republic of Congo's state-owned mining company has for the first time begun selling its copper stake in a joint venture project, as the country seeks to tighten its grip on the key metal for the energy transition. Gecamines S.A. holds minority stakes in large mines operated by companies such as China's Luoyang Molybdenum Group and Glencore. So far, the joint venture itself has sold all of its products. But it has been revealed that the state-owned company is selling its share - totaling hundreds of thousands of tons per year - more aggressively. In addition, Gecamines will sell copper from Luoyang Molybdenum's Tenke Fungurume mega-mine, in which the company holds a 20% interest. The state-owned miner is also evaluating bids, including those from Glencore, Trafigura and Mercuria Energy Group Holding SA, to buy 90,000 tons of copper from the project. Gecamines' action creates an opportunity for traders to bid for a large number of new contracts in a context of intense competition for copper deals. Congo recently became the world's second-largest copper producer, with exports nearly tripling since 2016. However, many expect global demand to outpace investment in new supply, driven by growth in electric vehicles, grid infrastructure and data centers. #recycling #metals #conference #India #scrap #industry #summit

Marie-Chantal Kaninda, president of Glencore in the Democratic Republic of the Congo (DRC) participated in a panel discussion at this year’s #Mining Indaba on 6 February. The ‘Disruptive Discussion’ was titled, “What does a successful business relationship between car manufacturers and African miners look like?” As the growth of the electric vehicle (EV) market globally has driven demand for minerals produced in Africa, including cobalt, supply chain transparency and security have become crucial issues. Across its operations, Glencore is supplying battery minerals to a range of major car manufacturers to support their EV ambitions. Read more here: https://lnkd.in/difkYj_b #AfricanMining #PresidentGlencoreDRC #paneldiscussion #MiningIndaba #DisruptiveDiscussion #carmanufacturers #Africanminer #supplychaintransparency #securitycrucialussyes #Batteryminerals #EVambitions

Côte d'Ivoire - arguably the best place to explore for and develop gold mines

Anglo-American reports N$333 million capex in Namibia for H1 2024 Anglo-American spent US$18 million (N$333 million) on capital expenditure (capex) for the period ending June 30, 2024, for its Namibian operations. Anglo-American, which holds an 85% stake in De Beers Group, continues to focus on operational efficiency and investment in growth across its diamond assets. The De Beers Group reported an 11% decline in diamond recovery to 0.56 million carats for its Namibian operations in the second quarter of 2024 compared to the previous quarter. The first quarter of 2024 saw 0.63 million carats recovered, while compared to the second quarter of 2023, the company reported an 8% decline to 0.61 million carats. https://lnkd.in/deTzBkCJ #namibia #diamonds #mining #capex #investment Namibia Investment Promotion and Development Board (NIPDB) Chamber of Mines Namibia Tom Alweendo Anglo American De Beers Group Debmarine Namibia Namdeb Diamond Corporation Willy Mertens CA (SA) (NAM) Riaan Burger

A recent Forbes article emphasized Indonesia's significant dependence on Chinese investments and how this reliance could limit its eligibility for U.S. market access under the Inflation Reduction Act (IRA). This scenario is echos China's dominance in the rare earths and critical minerals sector, which has sparked concerns in the U.S. and other countries like Australia and Canada. The good news is that the U.S. has domestic solutions via Minnesota’s Iron Range, where NewRange Copper Nickel’s NorthMet project and Twin Metals Minnesota LLC’s proposed Copper-Nickel-Cobalt project are poised to responsibly source nickel. Both projects could secure a stable domestic supply chain for nickel in addition to Lundin Mining Corporation's Eagle Mine in Michigan and reduce reliance on foreign-controlled sources. To learn more, please visit the link below: https://lnkd.in/dR5CCBW7

Join Global Victoria for their METS Opportunities in Africa Webinar Series to explore the opportunities and challenges for Victorian #METS companies doing business in Southern and West Africa.