Global Business Reports


Lorena Stancu, Germaine Aboud, Marta Armengod

MACIG 2023 - Mining in Africa Country Investment Guide

January 30, 2023

While falling share prices have kept CEOs awake at night across all time zones in 2022, companies with African assets have developed a thicker skin against global shocks through constantly having to prove project excellence that made up for high jurisdictional risks. Regardless of what happened overseas, African miners and explorers have always had to deal with issues from within the continent, including security concerns, power blackouts, poor infrastructure, and unstable governance, in a mix specific to each country.

Navigating these challenges, African players have developed projects with robust economics, leveraging on easy-to-find and easy-to-mine high grade and large tonnage deposits, as well as cheaper local procurement. Juniors have learned how to make investors look beyond the veil of jurisdictional uncertainty, while producers have become astute at operating mines profitably in some of the harshest environments, whether mining for diamonds at 3,000 meters altitude in Lesotho or developing some of the largest uranium mines in the deserts of Niger.

These aspects have toughened the African industry, but not insulated it from the vicissitudes of upset global markets. In an environment where private and public financiers judge projects more diligently, the industry’s logic is to minimize the risks within their control. Juniors, particularly, are eager to start making cash and lower their dependence on external funding.

This report includes in-depth regional coverage of Ghana, Mali, Burkina Faso, Senegal, Ivory Coast, South Africa, Namibia, Botswana, the DRC, Zambia, Tanzania, as well as commodity-based coverage of Precious Metals, Battery Metals, Base Metals, Graphite, Coal, Uranium, and Diamonds, based on interviews with 130 executives in 30 African countries.


“On several occasions over the years, I have been honoured to be invited to contribute thoughts for inclusion in MACIG. On each occasion, the staff have been friendly yet very professional, articles have been accurate and well written, and the publications of the highest standard in all respects. Perseus Mining Limited is happy to be associated with this group.” - Jeff Quartermaine, CEO and Managing Director, Perseus Mining

“I have been dealing with the MACIG team for a number of years now, and have found their publications to be professional and in-depth. From engagement, to interview, to final copy, the team have been a pleasure to deal with. We will certainly be working with MACIG again in the future.” - Danny Callow, Executive Chairman, Toubani Resources

"For nearly five years, MS Risk Limited has regularly worked with the team at GBR. They continually demonstrate strong insight into shifting market conditions. Their publications are an excellent platform to illuminate trends and they provide a venue for thought leadership on topical matters our clients want to know about." - Liam Morrissey, CEO, MS Risk Limited        

“I am pleased to have collaborated with GBR on the MACIG since 2019. The reports indicates the insightful perspectives of key movements and opportunities in the African mining sector. The details of the contents are outstanding and well documented. Dutylex Petro Canada lubricants has also gained immensely from the exposure that the reports has given us.” - Peter Quarm, CEO, Dutylex

“Our experience with GBR, based on a number of years of involvement, has been very positive. The line of questioning is always insightful, which in turns leads to the production of their quality publications, providing a valuable resource to our industry.” - Peter De Leo, Managing Director, Lycopodium Limited

“Great working with the team at GBR in getting the Akobo story out to the wider audience through MACIG 2023. I am impressed with their insight and understanding of our business. Thank you for sharing our story.” - Jørgen Evjen, CEO, Akobo Minerals AB and Etno Mining P.l.c

"Our firm has enjoyed a superb relationship with the GBR team over the last several years. The team's communication and expertise is top notch and we've truly enjoyed reviewing the MACIG publications' detailed guide to mining trends and insights. We look forward to more future collaborative success." Mouhammed Kebe, Partner, GENI AND KEBE

“We would like to actually take the time in thanking GBR - GBR's quality articles and analysis have helped us to better understand the news in the sectors we cover. The professionalism of the media's staff has enabled us to consistently create uplifting content that reflects our brand and our business. I highly recommend them !” Dolorès Biamou, Mining Projects Director – Africa, Bolloré Africa Logistics

"The report was excellently laid out and provides a thorough analysis of the African mining industry. The team was very professional and pleasant to interact with." - Oliver Dallaway, Director, African Mining Services

"I have met with GBR for many years and every year they approach me with professionalism and I look forward to reading their mining reports every year and to the interview. The Ivorian mining industry is always covered in great depth and the interview is always a pleasure and is always pleasant. Their reports are a great source for the latest industry updates around the continent." - Kouame Klemet, Partner, KSK Avocats

“On behalf of Madison Metals, I would like to thank Lorena and the Global Business Reports team for their coverage of the company in the Mining in Africa Country Investment Guide. Through its news reporting, the relationship with GBR has been rewarding in helping us raise our profile with industry and investors focused on Africa’s mining sector. We are grateful for the opportunity to share the exciting developments that are now underway at Madison’s uranium exploration projects in Namibia with GBR’s global audience. We look forward to updating your readers in the coming months and years.” - Duane Parnham, Executive Chairman & CEO, Madison Metals Inc.


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."


Chile Mining 2024 Pre-Release

The Chilean mining renaissance has begun. In 2024, the country is set to experience its first increase in copper production since 2018, driven by Codelco’s production surge and Teck Resources’ Quebrada Blanca II coming online. This year also saw the first major regulatory update since 1983 with amendments to Law No. 21,420, which modernized the mining framework. The government has shown strong support for the industry by committing to reduce permit processing times by a third and proposing 20 actionable measures to streamline processes. Additionally, Chile classified its 69 saline environments, leaving 31 open for private development and initiating a request for information process in April to rapidly advance these areas.



"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."