Large Mining Projects in Africa: 93 Opportunities Worth $52 Billion

Overview of Mining in Africa

Mining has played a significant role in Africa for a long time. Mining revenues represent a substantial portion of export earnings and government revenues in countries such as Ghana and the Democratic Republic of Congo (DRC). In total, mining in Africa encompasses 99 large projects (new mines and upgrades) valued at $55 billion. Extracted materials include metals (gold, copper, iron, among others), lithium, rare earths, and diamonds, among others.

Key Mining Projects in Africa

South Africa (12 new mines and expansions) leads in the number of new projects/mines or mine expansions, followed by Ghana, Namibia, and the Democratic Republic of Congo (7 new mines and expansions each). Several large projects are also underway in other Southern African countries such as Zambia, Botswana, and Zimbabwe. Mali and Côte d'Ivoire in West Africa, as well as Tanzania and Uganda in East Africa, are also significant investment locations

Leading Developers and Contractors – Mining Projects in Africa

In the mining sector, key developers include Debswana Diamond Company, Kamoa Copper (a joint venture between Ivanhoe Mines, Zijin Mining, the DRC government, and Crystal River Global), and Anglo-American Platinum. The leading contractor/EPC is Lycopodium, followed by DRA Global

Future Prospects

Driven by the need for minerals in the energy transition, the annual cash flow of approximately $10 billion in the extractive industries is expected to increase further in the coming years

Source of the article: ABiQ