Global Business Reports


Lorena Stancu, Germaine Aboud, Marta Armengod

MACIG 2023 Pre-Release

November 21, 2022

In an environment of heightened inflation, African miners and juniors benefit from lower discovery and operating costs, with many expenses incurred in local currencies and most ore bodies found close to surface and amenable to cheaper mining methods. While downward-sloping share prices keep CEOs awake at night across all time zones, companies with African assets have developed a thicker skin for tough market conditions through constantly having to prove project excellence to make up for high jurisdictional risks.

Regardless of what happens on the outside, African players must deal with other issues from within the continent, including security concerns, power blackouts, poor infrastructure, and unstable governance, in a mix specific to each individual country. Handling these challenges has, at best, bulked up the African industry’s resilience against global shocks. But it certainly has not insulated it from them.

In this Pre-Release edition of our MACIG 2023 report, GBR divides the African mining map in four key regions - West, Southern, Central, and East - profiling the key jurisdictions within each geography. The second part of the report studies the trends specific to different commodities, looking primarily at precious metals, base metals, and battery metals; the final book will encompass both a broader territorial span, with a chapter on North Africa, and a wider coverage of commodities, to include coal, uranium, and diamonds.


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Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."