Critical Minerals Africa Summit to Profile Africa’s Investment Outlook
CMA 2024 will feature a panel outlining Africa’s most competitive investment prospects and underscoring its attractiveness to international mining investors and buyers
CAPE TOWN, South Africa, May 13, 2024/ — The Critical Minerals Africa (CMA) summit – scheduled for November 6 – 7 in Cape Town – will host a panel discussion showcasing investment opportunities within Africa’s critical minerals and rare earth elements market.
Sub-Saharan Africa is estimated to hold 30% of the world’s critical minerals reserves – including deposits of lithium, cobalt and copper, which are crucial for the fourth industrial revolution – presenting massive opportunities for global partnership and investment. The panel – titled, Investing in African Critical Minerals in a Competitive Environment – will explore best practices for attracting buyers and fortifying Africa’s critical mineral value chain amid fierce global competition.
Recent large-scale developments will be unpacked at CMA 2024, shedding light on burgeoning opportunities within Africa’s critical minerals space. Last October, the U.S., European Commission, African Development Bank and the governments of Zambia, the DRC and Angola signed an agreement to raise $1.3 billion in financing for the transnational Lobito Corridor, which will establish a cost-effective and fast export route for minerals produced from the three African countries.
In the same month, UAE investment platform F9 Capital Management partnered with South African mining firm Q Global Commodities to inject $1 billion in South Africa’s mining exploration and development scene. Japan and the U.K. have also committed to allocating over $3.7 billion to critical mineral production in Africa, exemplifying growing investor interest in Africa’s mineral-rich landscape.
Meanwhile, African nations are engaging in direct negotiations and streamlining permitting processes to expedite exploration activities. Last month, Zambia’s Ministry for Mines approved drilling activities by KoBold Metals Company at the $2-billion, 600,000-metric-ton Konkola West Copper Project, following the discovery of copper reserves last February. The Zambian Government has also approved the acquisition of a 51% stake in Mopani Copper Mines by mining company International Resources Holding, paving the way for new exploration and development.
As global demand for critical minerals continues to surge, Africa emerges as a promising investment hub. The panel discussion at CMA 2024 will identify strategies for creating an enabling environment and fostering Africa’s competitiveness on the global critical minerals stage.
Organized by Energy Capital & Power, CMA is the largest dedicated gathering of critical minerals stakeholders in Africa. Taking place on November 6–7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year’s edition takes place under the theme, “Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth,” connecting African mining projects and regulators with global investors and stakeholders to unlock the full potential of the continent’s raw materials. Sponsors, exhibitors and delegates can learn more by contacting [email protected].
Distributed by APO Group on behalf of Energy Capital & Power.
SOURCE
Energy Capital & Power