PUBLICATION

Engineering & Mining Journal

AUTHORS

Lina Jafari, Lucrezia Falcidia, Margarita Todorova, Lorena Stancu, Germaine Aboud

West Africa, Copperbelt and Angola Mining 2021 E&MJ Release

March 05, 2021

Whether gold, cobalt, diamonds or copper, Africa is traversed by rich rock structures that, for millennia, carved their ways through the topography of the continent. In this special report for the Engineering & Mining Journal, our journalists look at the challenges and opportunities in three prolific regions: the Birimian gold belt, stretching through West Africa; the Copperbelt, crossing the DRC and Zambia, and lastly, we look south, to Angola, the world’s fifth largest diamond producer.

The countries featured in this report – Ghana, Senegal, Burkina Faso, Mali, Ivory Coast, Nigeria, Zambia and Angola - have all shown a stronger focus on mining in recent years. Mali and Ghana have increased their gold production and Ivory Coast seeks to double its gold output by 2025. Meanwhile, Nigeria and Angola race to join the mining club after decades of oil-centrism. 

With the higher commodity prices, governments have big incentives to develop their mining sectors and must convince investors that the resource potential is matched with an attractive and stable investment climate. Producers  are benefiting from higher cash flows and juniors have finally been given both better ratings and access to cash - All of which offers a chance to develop the Africa’s famed endowment.

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RECENT PUBLICATIONS

MACIG 2025 - Mining in Africa Country Investment Guide

It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.

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