Global Business Reports


Lorena Stancu, Alexander Stonor, Salma Khaila

MACIG 2024 - Mining in Africa Country Investment Guide

January 22, 2024

A decade after launching the first MACIG, the 2024 edition still spans thousands of kilometers, over 150 interviews, and a dozen country profiles to paint the most comprehensive picture of a complex and fundamental continent for global mining. The extraordinary, unprecedented demand for the continent’s resources is currently balanced by the global landscape of uncertainty and price volatility. The latter keeps deterring investor appetite in projects sitting in nations with little political stability and affected by infrastructure, energy, and security woes. As these opposing forces continue to unfold, the fate of the African mining sector teeters on the precipice of either a generational opportunity or missed potential.

As the continent has long been the theatre of competition among global powers, one statement has been made abundantly clear by African leaders: the value created by investment in the mining industry must remain within Africa. A great deal of regional incentives – such as offtake agreements for battery and EV products, the establishment of Special Economic Zones, and the development of downstream capabilities – have materialized this ambition throughout the year and are poised to grow in 2024.

The world is hungry for African minerals. As Africa moves away from a purely extractive-based model to an integrated one, GBR visited North, West, Central, and South Africa to assess the progress and to understand the opportunities and challenges that lie therein.


"My experience working with GBR has always been awesome, having invited me to contribute to MACIG over the years. The attentiveness to detail during the interview and capturing all we discussed shows the interest towards the interviewee. Thank you so much for highlighting Porini Gems and bringing us to the forefront of mining in Africa."  – Diana Atieno Founder, Porini Gems

“Engaging with the MACIG team has consistently been a rewarding experience. They are professional and dedicated to producing high-quality content. Each article reflects thorough research and presents insights that are valuable to a reader. It's a privilege to contribute to their publications, which are always executed to the highest standard. We appreciate the opportunity to collaborate with such a reputable team and look forward to continue working with them in the future. “ – Daniel Major, CEO, GoviEx Uranium

“My experience with the MACIG team was of the highest order and professionalism from start to finish. The interview process was very focussed and the subsequent drafting of the article captured the essence of our discussion accurately. I look forward to working with the team on future publications.” – Vusi Mpofu, Sector Lead: Mining & Chemicals,Nedbank Corporate & Investment Bank

“We have a longstanding relationship with GBR and have always thought highly of their professionalism and commitment to provide best-in-class exposure. In July 2023, we hosted GBR at our newest mine, the Séguéla Gold Mine in Côte d’Ivoire. It was a pleasure to showcase our operation and provide the GBR team full and transparent access to our management and workforce. We look forward to our continued contributions to MACIG and wish the team much success in their future endeavors.” – Carlos Baca, VP of Investor Relations, Fortuna Silver Mines Inc.

“SEMS Exploration has been collaborating with the MACIG team for several years. We consider MACIG to be the leading review of mining and mineral exploration activities in Africa and, as an African-focused company, SEMS is proud to contribute to their insightful publications. The MACIG team of journalists are industry aware and their articles are of the highest standard. We look forward to continuing our association with MACIG for many years to come.” – Simon Meadows Smith, Managing Director, SEMS Exploration

“It was an honour to contribute to the MACIG publication and in particular to highlight the Namibian mining industry’s potential for investments. I was impressed by the professionalism, dedication and attention to detail demonstrated by the GBR team, which made the experience of working with them an absolute pleasure.” – Nangula Nelulu Uaandja, Chairperson and CEO: Namibia Invest Promotion and Development Board.

"MACIG is a solid publication that provides a unique perspective on the opportunities and challenges in Africa’s mining sector. The insights provided in the publication give a realistic account of the industry and help understand the market. We are happy to have participated in the publication and look forward to next year’s edition." – Shaun Vorster, Partner, Mazars

"I have been working with MACIG for 3 years now as president of Burkina Faso chamber of Mines, I do acknowledge that has been great so far. MACIG team is professional and the magazine is really informative and comprehensive." – Adama Soro, President, Chamber of Mines Burkina Faso

“I have engaged with Global Business Reports (GBR)'s MACIG publication team for a few years now, and I continue to be impressed by the quality of the content and contributions which provide invaluable insights on African mining investments. The team is very professional and a pleasure to work with from initiation to the interview itself and through to the final copy.” – Sifiso Siwela, Principal Consultant and Country Manager - CSA Global (an ERM Group company)

"Since 2018 we are grateful to have been afforded the opportunity to contribute to the well written and extremely informative articles that GBR produce in their MACIG publication on African mining . It is always a pleasure to work with their team of professional researchers and interviewers." – Martin van Gemert, Regional Vice President (Africa), Mincon

“In today’s volatile, competitive information-driven world of the global extractive industry, it is a strategic advantage for African operators  and investors to stay abreast of the latest assets opportunities, trends, technologies, and sustainability best practices. One of the publication’s standout features lies in its commitment to providing thought-provoking commentary from the eminent African and global mining operators on evolutive industry trends in real time. With its comprehensive coverage, and diverse range of voices, navigating the challenges and opportunities in mining in African markets is somewhat simplified. I am glad to say that data from the MACIG and the broader GBR publications serve as a valuable resource to our CAMPEA mining chambers’ members focusing on the particularities of Africa’s mining sector.” – Tania Eyanga, Executive Chair, Central Africa Markets VC & Private Equity Association (CAMPEA)


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.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."


Southeast Asia Chemicals 2024

In an era of low-priced commodities and an uncertain geopolitical landscape, logistics companies are prioritizing the long-haul business, not just because it is probably the most profitable, but also because their customers are searching for new markets out to sea.



"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."