PUBLICATION

Global Business Reports

AUTHORS

Catherine Howe, Lina Jafari

MACIG 2019 West Africa Pre-Release Edition

November 13, 2018

West Africa’s rich mineral resource potential presents a favorable investment proposition – significant gold discoveries have shone a spotlight on countries sharing the Birimian Greenstone Belts and, while mature mining countries like Ghana and Mali continue to lead the way in gold production, others are gaining ground as investors turn their attention to less-explored areas. While gold remains the focus for mining investment into West Africa, recognition of the region’s more diverse resource potential coupled with government efforts to mitigate risks associated with such heavy ties to just one commodity has led to a number of successful and promising projects in resources such as iron, lithium, copper and manganese. The positive impacts of increased political stability and attractive incentives for greenfield exploration are clearly visible in Côte d’Ivoire, which carries the torch for investor interest at this moment. Meanwhile, security concerns are unsettling investors in other parts of the region, and inter-regional dynamics continue to shift.

RELATED INTERVIEWS MORE INTERVIEWS

The move away from internal combustion engine to electric vehicles is accelerating more rapidly than many realize.
Lahri gives details about the use of new technologies in diamond mining and the impact of blockchain on traceability.
Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.

RECENT PUBLICATIONS

Québec and Atlantic Canada Mining 2025

Québec and Atlantic Canada have traversed 2025 in an enviable position. Strong gold prices have buoyed balance sheets and investor sentiment, while global demand for critical minerals keeps the region firmly on the radar of international markets. At the same time, the provinces’ depth of mining expertise – from AI-driven exploration to advanced drilling, blasting, and geophysics – ensures that technological advantage is firmly on their side.

MORE PREVIOUSLY PUBLISHED

MACIG

"We are seeing the development of new projects and much more greenfield exploration in Africa, which is also accelerating its adoption of advanced technologies, with customers increasingly seeking digital solutions."

SUBSCRIBE TO OUR NEWSLETTER