Railways Africa Magazine’s Post

Africa possesses a significant share of global mineral reserves – including 92% of platinum, 56% of cobalt, 54% of manganese and 36% of chromium. These minerals are used to produce green technologies such as electric vehicle (EV) batteries and wind turbines. Currently, minerals are largely exported from Africa in their raw states to be refined abroad. Increasing processing capacity within Africa to export intermediate goods or final products, known as value addition, could help drive economic development on the continent by creating jobs and resulting in higher tax and income revenues. African countries have huge energy, housing and transport needs and minerals could play a role in the sustainable development of these sectors. Minerals also present an opportunity for Africa to be a frontrunner in the global transition to renewable energy and to shift its position in global value chains. Several African countries have already adopted policies aimed at developing their mineral value chains, such as export restrictions on raw minerals. Regional initiatives have also been launched to try and increase the benefits of mining for African communities. To develop their mineral sectors, African countries need to attract investment, improve geological mapping and expand their skilled workforces. They also need to address challenges in their mining sectors such as infrastructure shortcomings and environmental and human rights issues. Since minerals such as copper and cobalt are key to manufacturing renewable energy technologies, rising demand for these minerals presents an opportunity for Africa to play a key role in the global transition to renewable energy, and to change its position in global value chains. Many African countries currently operate in the upstream segment, extracting minerals and exporting raw materials without substantial value addition .This perpetuates the continent’s position at the lower rungs of global value chains, constraining economic benefits and its ability to negotiate favourable trade terms. By engaging in processes that add value to mineral resources and increasing processing capacity within Africa, countries could export intermediate goods or final products and shift their positions in value chains to the midstream or downstream segments. This could create jobs in the processing sector as well as result in higher tax revenues and increased income from exports. According to McKinsey, Africa could generate between USD 200 million and USD 2 billion of additional annual revenue by 2030 and create up to 3.8 million jobs by building a competitive, low-carbon manufacturing sector. Additionally, minerals could play a role in meeting African citizens’ huge housing and transport needs by driving the sustainable development of these sectors.#africarising #Africa #mining #selfreliance.

**TERTIARY MINERALS PLC gets environmental nod for #Zambia copper project** - Tertiary Minerals secures approval for the Environmental Project Brief (EPB) to advance its #Mupala Copper Project in Zambia, marking a pivotal step in its mineral exploration and development endeavors. - The Zambia Environmental Management Agency grants EPB approval, signifying regulatory clearance for Tertiary Minerals to proceed with exploration activities, following the acquisition of consent from the Sailunga Chiefdom. - Scheduled to commence next month, exploration initiatives will encompass comprehensive soil sampling and detailed surface #regolith mapping, facilitating the identification and validation of mineral anomalies within the project area. - Positioned within the prolific Domes Region of north-west Zambia, the Mupala Copper Project benefits from its strategic proximity to established #copper and #nickel mines, including the renowned Sentinel complex operated by First Quantum Minerals. - Patrick Cheetham, executive chairman of Tertiary Minerals, underscores the promising outlook of the project, emphasizing its competitiveness amidst industry giants like #AngloAmerican Corporation, further highlighting the intensifying interest in the region's mineral potential. #mines #mining #rawmaterials #decarbonisation #mineralexploration

Thrilled to be in Lusaka today for the advocacy workshop on Promoting Awareness of Sustainable Mineral Resource Management Governance in Zambia and its Alignment with the Africa Mining Vision (AMV), hosted by the African Minerals Development Centre (AMDC) with the European Union. Mining contributes about 72% of Zambia's export earnings and 44% of government revenues. More than that, Zambia is strategically positioned in a region rich in minerals, including green/critical minerals. If Africa is to benefit from its green minerals, countries cannot go it alone - regional value chains will be essential. That is why the agreement between Zambia and the DRC to collaborate in developing EV battery value chains is so interesting. The workshop opened with a timely reminder by interim AMDC Director Marit Y. Kitaw of the centrality of Africa's green minerals to the continent's development ambitions. Mtwalo Msoni has done an excellent job taking us through the findings of the report. Wonderful to see the African Mining Vision, African Mineral Governance Framework and other tools making a very tangible difference in how we are able to engage with the mineral governance and value addition debates at country and regional level. Later today, we'll be doing a 'soft launch' of the forthcoming African Green Minerals Observatory, an extremely exciting AMDC initiative we have been supporting. I'll be joined up front by Marit and the always-impressive Claude Kabemba. Big things happening - watch this space! #criticalminerals #africandevelopment #zambia

Join us for the most prominent natural resource event of the year – the Mozambique Mining and Energy Conference (MMEC) 2024 – taking place from May 2nd to 3rd at the esteemed Joaquim Chissano International Conference Centre in Maputo. 🌍 Theme: "Partnerships for Prosperity: Unlocking Mozambique’s Resources to Advance National & Regional Economic Growth." This platform is a confluence of local, regional, and international visionaries committed to unlocking the potential of Mozambique's rich natural resources. It's more than just a conference; it's a dynamic space where partnerships are forged, and actionable strategies for economic growth are shaped. 🤝 Engage with top government officials 🚀 Explore vast industry opportunities 💼 Forge strategic business partnerships Focus areas include trade and investment prospects in energy and critical minerals, making MMEC 2024 an unparalleled platform for driving growth and enhancing bilateral trade relations. 🔗 Reserve your spot now and be part of the conversations that will shape the future of the region's economy. #MMEC #MozambiqueMiningEnergyConference #NaturalResources #EconomicGrowth #TradeInvestment #EnergySector #CriticalMinerals #PartnershipsForProsperity #AmChamMozambique #oficialeventpartners

BATTERY AND CRITICAL MINERALS: Time for Africa to really cash in. The #Globalbatterymetals market size is calculated at USD 11.65 billion in 2024 and is expected to be worth around USD 23.97 billion by 2033 - The revenues from the extraction of just four key minerals: cobalt, nickel, lithium and copper are estimated to total $16 trillion over the next 25 years. Africa is already at the centre of global critical minerals production: ·       The #Democratic Republic of #Congo accounts for over 70 percent of the global cobalt output, approximately half the world’s reserves. ·       #SouthAfrica, #Gabon and #Ghana collectively account for over 60 percent of global manganese production. ·       #Zimbabwe has Africa's largest lithium reserves and the world's sixth-largest lithium producer and supplier. There are other African countries that have lithium resources, including #Namibia, #Mali, the Democratic Republic of Congo (#DRC) and Ghana. ·       Other African countries with significant critical mineral reserves include #Guinea, #Mozambique, and #Zambia. The #Globalenergytransition offers Africa mineral-rich countries the chance to bolster their industries and diversify their economies with the need to build local processing capabilities needed to add value.   The upcoming DRC - Africa Battery Metals Forum (17-18 #September 2024 in #Kinshasa, DRC), prime engagement platform contributing on building an inclusive and equitable #batterymetals industry in the heart of Africa, underpinning broad-based #sustainable growth, #localbeneficiation and #socioeconomic development. Join us ! Jean-Tite

BATTERY AND CRITICAL MINERALS: Time for Africa to really cash in. The #GlobalBatteryMetals market size is estimated at USD 11.65 billion this year and is expected to be worth around USD 23.97 billion by 2033 - The revenues from the extraction of just four key minerals: cobalt, nickel, lithium and copper are estimated to total $16 trillion over the next 25 years. Africa is already at the centre of global critical minerals production: ·       The #Democratic Republic of #Congo accounts for over 70 percent of the global cobalt output, approximately half the world’s reserves. ·       #SouthAfrica, #Gabon and #Ghana collectively account for over 60 percent of global manganese production. ·       #Zimbabwe has Africa's largest lithium reserves and the world's sixth-largest lithium producer and supplier. There are other African countries that have lithium resources, including #Namibia, #Mali, the Democratic Republic of Congo (#DRC) and Ghana. ·       Other African countries with significant critical mineral reserves include #Guinea, #Mozambique, and #Zambia. The #GlobalEnergyTransition offers Africa mineral-rich countries the chance to bolster their industries and diversify their economies with the need to build local processing capabilities needed to add value.   The upcoming DRC - Africa Battery Metals Forum (17-18 #September 2024 in #Kinshasa, DRC), prime engagement platform contributing on building an inclusive and equitable #batterymetals industry in the heart of Africa, underpinning broad-based #sustainable growth, #localbeneficiation and #socioeconomic development. Please join us ! Jean-Tite Ministère des Mines - RDC, Ministère du Commerce Extérieur RDC/ Foreign Trade Ministry, CMOC, Tenke Fungurume Mining, Glencore, Eurasian Resources Group, ERG Africa, Cobalt Institute, Fair Cobalt Alliance (FCA). Entreprise Générale du Cobalt, #CCB, MMG Limited, USAID,AKATA USAID Organisation; COMINIERE SARL, Tantalex Lithium Resources Corp, Goodness Multi services Sarl, Axis House Group (Pty) Ltd - Reagent Experts,Africell Group, Dev Solaire ,AKATA RDC Sarl Elephant Trade Services; ARSP - Autorité de Régulation de la Sous-traitance dans le secteur Privé, ANDRITZ, Exxaro Resources...the dti (Department of Trade and Industry: Republic of South Africa). Battery Metals Africa, Lithium battery Energy...

BATTERY AND CRITICAL MINERALS: Time for Africa to really cash in. The #Globalbatterymetals market size is calculated at USD 11.65 billion in 2024 and is expected to be worth around USD 23.97 billion by 2033 - The revenues from the extraction of just four key minerals: cobalt, nickel, lithium and copper are estimated to total $16 trillion over the next 25 years. Africa is already at the centre of global critical minerals production: ·       The #Democratic Republic of #Congo accounts for over 70 percent of the global cobalt output, approximately half the world’s reserves. ·       #SouthAfrica, #Gabon and #Ghana collectively account for over 60 percent of global manganese production. ·       #Zimbabwe has Africa's largest lithium reserves and the world's sixth-largest lithium producer and supplier. There are other African countries that have lithium resources, including #Namibia, #Mali, the Democratic Republic of Congo (#DRC) and Ghana. ·       Other African countries with significant critical mineral reserves include #Guinea, #Mozambique, and #Zambia. The #Globalenergytransition offers Africa mineral-rich countries the chance to bolster their industries and diversify their economies with the need to build local processing capabilities needed to add value.   The upcoming DRC - Africa Battery Metals Forum (17-18 #September 2024 in #Kinshasa, DRC), prime engagement platform contributing on building an inclusive and equitable #batterymetals industry in the heart of Africa, underpinning broad-based #sustainable growth, #localbeneficiation and #socioeconomic development. Join us ! Jean-Tite

Hold onto your hard hats, Africa! A massive copper discovery in Zambia, the Mingomba project, has the potential to propel the nation to the top of the copper producer list. But what truly makes this find revolutionary is the partnership between Zambia and KoBold Metals, a US company using cutting-edge AI to unearth hidden treasures. Here's why this is a game-changer: 📍Copper Boom: Mingomba's riches could triple Zambia's copper production, solidifying its global leadership. 📍Jobs Galore: Expect a windfall of jobs and investment, directly impacting thousands of Zambians. 📍Fast-Track to Riches: The project is being expedited, bringing the rewards closer than ever. 📍AI to the Rescue: KoBold's AI pinpoints valuable minerals, crucial for electric vehicles and renewable energy. 📍Partnership Power: This unique collaboration sets a precedent for sustainable and equitable resource development. This isn't just a copper find; it's a glimpse into the future. AI is reshaping the mining landscape, ensuring a brighter, more sustainable future for Africa. Stay tuned as this discovery unfolds, unearthing new opportunities and rewriting the story of African mining! #ai #artificialintelligence #mining #africa #copper #Investment #zambia Read More: https://lnkd.in/dxkjE4Fk

Country Presentation session: East African Community (EAC) Africa Battery Mineral Initiative on behalf of the EAC was created to promote Foreign Direct Investment to entire critical mineral supply chain, value addition of critical minerals and change perception of Africa’s mining industry. Having lived in Germany🇩🇪 in last 27 years, there’s negative perception of African mining industry due to issues around child labor, project execution risk thus having interventions to change this perception to attract investment from Ford Motor Company, General Motors, Stellantis (USA) as well as Mercedes-Benz AG, BMW Group as off takers of manufactured components in Europe. The super region is similar to EAC since significant amounts of critical mineral endowments are present. Africa Battery Initiative has collected a database of 2500 critical minerals concession owners to ease investment deployment. Saudi Arabia🇸🇦 is targeting becoming an EV manufacturer, establish 28Gw electric car battery plant where EAC can join hands with the green and battery initiative to increase kingdom’s non-oil GDP from 16 to 50% by 2030. Zanzibar is preparing the first east African battery minerals summit from 24th-25th April, 2024. Last year, the kingdom hosted the Saudi Arabia Africa summit with most African heads of states to identify several areas of cooperation including critical minerals. The kingdom has allocated $15b for investment in critical minerals thus in discussions with Public Investment Fund, Ma'aden which have a goal of setting up 28GW battery manufacturing plant. European Space Agency - ESA Agency was interested to collaborate with the region in areas of mineral mapping, quantification of minerals on the sidelines of COP28. Investors from the kingdom are interested in funding entire mineral value chains. Most companies in the mineral value chains are predominantly from China🇨🇳 however, Volkswagen, Benz, BMW have shown interest in Tanzania🇹🇿, Burundi🇧🇮 and EU has allocated $360b for investment in critical minerals in the region. Bureaucracy of dealing with each member state independently has been reduced through the EACs single window to ease the investment process. Tanzania is finishing up 2.5 GW of hydroelectricity, DRC with 3.5Gw of power, the inter regional connectivity of rail, electricity connecting Tanzania🇹🇿, Burundi🇧🇮 and DRC🇨🇩 will ease access to electricity, movement of people and goods. #fmf #fmf24