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25 Oct 2024

Maximizing Africa’s Mining Potential: CMA 2024 to Host Global E&P Firms

Maximizing Africa’s Mining Potential: CMA 2024 to Host Global E&P Firms
Africa, which is home to 30% of the world’s critical minerals, is witnessing a surge in investments from global mineral exploration and production (E&P) companies eager to tap into the continent’s upstream potential. In just the past month, investments from Australian firms soared to $60 billion, while Canadian firms contributed $37 billion, underscoring the growing role of Africa’s exploration sector in the global supply chain for energy transition metals.

The upcoming Critical Minerals Africa (CMA) 2024 summit will spotlight how new discoveries, technologies and investments are transforming Africa’s critical mineral industry. Under the theme, “Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth," CMA 2024 will feature a strong lineup of global upstream executives and industry leaders. Notable companies such as Glencore DRC, KoBold Metals, Premier African Minerals Ltd, Pensana Plc, Orion Minerals, and Isondo Precious Metals will showcase projects that are driving the growth of Africa’s critical mineral sector.

The Critical Minerals Africa 2024 summit on November 6 - 7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference on November 4 - 8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting [email protected].

On the second day of the summit, the Leaders Forum will feature executives from Glencore DRC, KoBold Metals, and Premier African Minerals Ltd, who will discuss strategies for transforming Africa's mining sector. Marie-Chantal Kaninda, President of Glencore DRC, will present the firm’s $8 billion investment strategy, highlighting how projects such as the Kamoto, Mutanda and Mashimba East mines are driving new copper and cobalt production. Mfikeyi Makayi, CEO of KoBold Metals, will explore how the company’s $2.3 billion Mingomba Copper Project, along with the Konkola West Copper Mine and ongoing exploration campaigns, are contributing to Zambia’s goal of raising copper output to three million tons per year by 2030. Meanwhile, George Roach, CEO of Premier African Minerals Ltd, will showcase progress toward the first commercial lithium production at Zimbabwe's Zulu lithium and tantalum mine.

Additionally, as Pensana prepares for its first rare earth metals production in Angola by 2026, CEO Tim George will join executives from the Zambia Chamber of Mines, the U.S. Development Finance Corporation, and market research firm Frost & Sullivan for a panel discussion on how the Lobito Corridor is enhancing critical mineral trade with global markets.

A dedicated session on Advanced Manufacturing, Circular Economy and End Use of Critical Minerals Within Africa will feature Errol Smart, Managing Director and CEO of Orion Minerals. During the session, Smart will highlight the firm’s efforts to drive South Africa’s copper production and value addition through projects such as the Okiep Copper, Prieska Copper Zinc and Jacomynspan Battery Metals initiatives. Vinay Somera, CEO of Isondo Precious Metals, will also unpack South Africa’s progress in leveraging its platinum group metal resources to support green hydrogen production and applications.

For more information about CMA 2024, visit https://criticalmineralsafrica.com/.

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