Explorers and developers are looking to Africa for much of the mineral production to drive the global energy transition – but a careful path must be followed before these projects can deliver.
According to the African Natural Resources Centre, about a third of the world’s mineral resources are to be found in Africa, so it is no surprise that the continent is expected to be a focus of mineral development to underpin the journey towards a lower carbon future. PwC argues that miners will need to move into newer mining territories to find the volumes of cobalt, copper, lithium, manganese, platinum group metals and other minerals that future markets will demand.
“This means considerable opportunities for mineral-rich African countries, especially since mining is an important pioneer sector with significant transformative potential,” said Vis Reddy, chairman of SRK Consulting South Africa. “But we need to remember that much is expected of the mining industry in today’s climate.”
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