Looking for the latest mining investment opportunities in Africa? Here is a broad roundup of some of the many mining investment opportunities in Africa.
Gold surged to new record highs in 2020, breaching the $2 000 / oz. mark in early August, after excellent, sustained commodity performance since the end of 2018.
This is welcome news for gold investors and mining companies as the price increase translates to improved profitability of mining companies’ existing assets, and can enable companies to scale up development of new developing gold mines.
Of Africa’s 710 gold mining projects, 289 are in early development (Grassroots through Feasibility). Expect considerable movement across these gold mining projects across the continent in the near future.
Gold miners with strong assets, expansion and exploration opportunities and lower production costs are seen as the most attractive choices for gold mining stock (including royalties, exchange traded funds, etc.). These miners can leverage the highest gains from the metals’ increase in value, and therefore further develop strategic assets faster.
Here is a breakdown of Africa’s mining projects according to projects phase (minimum 10 mining projects):
The value of rhodium soared in the first few weeks of 2020, hitting a spot price of $8 750/oz. on 17 January – the first time it had reached such a high since 2008. There has been a steady increase in value since 2018, with the recent spike beginning in December 2019. It is now 5 times more expensive than gold!
Spot price of rhodium in USD per oz., Jan 2008 – Jan 2020.
Demand for rhodium is being driven by stricter emissions standards in vehicles around the world (rhodium is used in exhaust system to convert toxic gases like carbon monoxide / dioxide and nitrogen oxide into less destructive materials). It’s also extremely rare – over 80% of primary rhodium supply is produced in South Africa, beneficiated from nickel and platinum ores.
Experts predict 18% growth per annum in lithium until 2030. With 18 lithium mining projects at varying stages of development, from grassroots to operational, Africa will be a major player in meeting long-term demand.
The mineral’s price is expected to increase over the next eight to 15 months, with market commentators predicting demand to continue rising with major increases expected in 2021 and into 2022.
Longer-term scenarios continue to show strong growth for lithium demand over the coming decade.
Africa's lithium mining projects, by country.
Demand is forecast to exceed 1.0 Mt LCE (Lithium Carbonate Equivalent) in 2027, with growth in excess of 18% per year to 2030.
A staple electrical conductor in many categories for almost 200 years, copper is also seeing increased demand from the alternative and renewable energy markets. Renewable energy harvesting, battery energy storage, electric vehicles, cell phones and towers, computers, cars, smart homes, pipelines and super tankers all rely on copper.
Copper supply in Africa is dominated by the DRC, with 34 mining projects, and producing 1,5 Mt, and Zambia, with 28 mining projects, and producing 950 000 tons in 2019. South Africa is a distant third, with 82 000 tons.
Here is a breakdown of copper mining projects per country, according to project lifecycle:
The price of palladium skyrocketed to new records in March 2020, reaching a new high of $2 877.90/oz., up from the previous record high of $2 224.90/oz. in January 2020. Palladium is 80% more expensive than it was a year ago and has seen more than a 400% rise from its $450/oz. in 2016.
It is a primary component used in catalytic converters, where it is used to help turn toxic pollutants into less harmful carbon dioxide and water vapour. Worldwide, governments are tightening their air pollution regulations, which translate to increased palladium in motor vehicles and therefore increased demand. In China, new emissions standards require 30% more palladium per vehicle, leading to substantially higher demand for the mineral in that country.
PGM mines & mining projects, by mining company (minimum of 3 projects).
In addition to 31 operational mines in South Africa and Zimbabwe, there are a number of mining projects in various phases of development, including 2 Grassroots projects, 12 Pre-feasibility, 7 Feasibility, 2 Bankable, 9 Active and 6 Completed projects.
A number of mining companies are active in the palladium industry:
Investors, OEMs and suppliers should take advantage of the rapidly expanding business opportunities within this industry.
Market experts predict that international demand for nickel will rise in the medium term, calling for investment into the sector. Medium-term prospects are positive with expectations that the market should equalise by 2024 and move to a deficit during 2025.
There are currently 44 nickel mining projects in Africa spread across 14 countries in various stages of development.
Nickel mines, per country.
Growth in the stainless steel market (one of the largest nickel processors) and the uptake of nickel in the market for lithium batteries are two important factors that will determine the increase in demand. (Demand from the electric vehicle market alone is expected to increase 1 000% over the next 10 years.) An average annual nickel deficit of 60 kt through to 2027 is forecast, bringing nickel prices close to $25 000 / ton by 2025 and $28 000 / ton by 2027.
For investors seeking projects to fund, as of October 2020 there are 30 different minerals mined across 1 947 African mining projects. All of these projects are listed on Africa Mining IQ (AMIQ). The minerals mined are:
Number of mining projects in Africa, per mineral.
Project Contact Information
Africa Mining IQ is the ONLY African mining intelligence database that guarantees a key contact per mine owner / project engineer or project supplier. All African mining projects are carefully researched and verified by a team of researchers.
Africa Mining IQ Reporting
In depth analysis reports delve into African mining project statistics such as number of projects per region per phase, and have been created for you to download and use for tendering and project tracking purposes.
Browse mining in Africa by country:
From South Africa to Morocco, Africa Mining IQ covers the continent’s mining projects with up-to-date intelligence. Our mining in Africa database covers 38 countries, including:
By providing in-depth intelligence about mining projects, categorised according to mine lifecycle or development phase, Africa Mining IQ allows suppliers to hone in on projects requiring their services and equipment in the regions they support or want to grow.
Services required: “Desktop / Concept” Studies before any groundwork is done and “Grassroots Exploration” through perimeter drilling; reconnaissance and evaluative forays (preliminary geological or engineering survey).
Suppliers providing services to grassroots mining projects should look to South Africa, Mali, Burkina Faso, Ghana and Botswana for new business, although a number of other exciting projects also exist across the continent.
Services required: Aeromagnetic / geophysical surveys, mapping, geochemical and soil sampling, core sample drilling, modelling and infill drilling to confirm resource and grades of the orebody.
The highest number pre-feasibility mining projects are held by South Africa, Namibia, Mali, Tanzania, Botswana, Burkina Faso and the DRC. Together, they account for close to 70% of the continent’s pre-feasibility projects.
Services required: Mine, equipment, and best process method planning; funding; Environmental Impact Studies (EIS); engineers/consultants for scoping studies and various types feasibility studies; OEMs, suppliers of goods and service providers.
Approximately 20% of Africa’s mining projects in the feasibility stage are in South Africa, while Senegal, Tanzania, Botswana and Mozambique also have developing projects.
Services required: Balance of funding; architectural planning, design and consulting through Engineering, Procurement, Construction Management (EPCM) / Engineering, Procurement Construction (EPC); OEMs, suppliers of goods and service providers.
South Africa, Eritrea and Tanzania lead the continent in bankable projects, with 12, 10 and 10 respectively. These account for over 60% of Africa’s projects in this phase.
Services required: Civil works, construction, infrastructure, shaft-sinking, process plant construction, accommodation, roads, etc.
The Democratic Republic of Congo and Mozambique feature several active projects, while South Africa has the lion’s share with over 30.
Services required: Expansion, refurbishment and aftermarket, including maintenance, repairs or replacements services or goods/products.
South Africa accounts for over half the total projects on the continent in this phase, while Zambia, Namibia, Botswana, the DRC and Ghana also feature a number of operational projects with a growing need for equipment and services.
Africa offers a wide range of valuable minerals, making it a region of interest to international mining investors. All regions across the continent differ with regards to ore deposit types and quantities.
The Southern African development Community produces two-thirds of Africa’s mineral exports by value. South Africa has almost all commodities essential for international competition except for crude oil and bauxite. Zimbabwe and South Africa combined hold the majority of the world’s PGM reserves. Botswana is the world’s largest diamond producer by value, followed by Angola. Other key mineral producers in southern Africa are the DRC, Namibia, and Zambia, producing copper and cobalt, uranium, and copper respectfully.
Tanzania is the largest regional miner of tanzanite and gold, the latter being East Africa’s biggest resource, with exploration for nickel and uranium also conducted. Gold reserves in the country are estimated at over 30 million ounces. Burundi also offers gold reserves, as well as copper, cobalt, nickel and uranium deposits. Kenya, another country in the East African Community, is focused on gold.
Considered boom areas for iron ore exploration and mining, the region is also host to gold and diamonds. The revival of rail ports has seen mines opening in Guinea, Liberia and Sierra Leone among others, although the percentage of export generated by minerals is negligible compared to that of petroleum and crude oil.
North Africa is host to almost 85% of global phosphate reserves, with Morocco holding the lion’s share of high quality phosphate rock on the continent. The region’s mined phosphate contributes about a quarter of the world’s output, and is used in fertiliser production.
Investors looking to invest in mines or suppliers interested in mining projects benefit from the high number of projects across most African countries.
Africa Mining IQ is Africa’s largest online mining information service, with approximately 2 000 mining projects tracked. It’s used by over 3 000 subscribers to identify new business opportunities; track the latest investment trends and commodity performance; and establish contact with mine owners and suppliers. With access to the latest African mining intelligence, investors, Original Equipment Manufacturers and service suppliers can identify and react to new opportunities quickly and competitively.
The reason why OEB decided to sign up with Projects IQ was to be on top of the various projects that are happening in South Africa as well as all the other countries. We are now able to have all the information on a project and the correct people to set up meetings with, saving us valuable time. It is very important for our company to be involved with the end users as well as the project houses from the design phase of a project such that our product can be specified at the time the tender process starts. Projects IQ enables us to know the exact phase of the project and the fact that we can keep track of the project and make notes on the Projects IQ system really assists us to be on top of our game.
Africa Mining IQ is an integral tool in our Projects Department as it assists in providing critical, qualified information on project development which allows us to identify new opportunities timeously as well as enabling us to connect with key role players.
TRUCO derives a lot of it's product sales through new projects in Africa, and has found there is no better globally available tool, that enables a company to target new projects in Africa better than Africa Mining IQ. From general project information to the correct project engineer contact details, Mining IQ allows you to engage with project engineers at the right time, in order to get your product specified up-front on any new mine development.
"By utilizing the services provided by Project IQ it has and still is enabling M&R Cementation to track and follow mining projects progress from Grassroots to Bankable stages throughout Africa, and also enables us to not just keep track of all projects related to our service offering, but also understand who the key role players are in the project."
We have been with Africa Mining IQ since the launch of our business in Africa. As a new commercial explosives supplier in Africa, being able to get access to up to date information at your fingertips can be the lifeline of the business. The website has made it easy to navigate and set ourselves up for success!
"We were in the need of a vital component compiling projects from grass-roots to completion including maintenance after the project has become operational. African Mining IQ has filled that requirement for us, providing information that allows us to assist with the specification and offerings from an early stage, giving us the ability to secure new build projects and growing our customer base when maintenance is scheduled. A truly collaborative professional partner, working with us in a cost effective, efficient manner ensuring quality information is provided that contributed to create a wonderful space for our employees to compile effective contacts. AMIQ's efforts to always update and improve the experience have always been appreciated and the team can be proud of their efforts and accomplishments. Thank You AMIQ"
We as RGM Cranes would like to thank the Africa Mining IQ team for an exquisite sales tool, which we have been utilizing for quite some time now, with various successes found during this period. We have found that the platform has enabled our company to infiltrate various projects within the mining sectors across border, as well as all the current local developments, that we as a company had never been accustomed to in the past. For us it has been an added advantage into the market, where the contact details and project information is quite informative and advantageous on new client development, as well as product supply information. We highly recommend the product, as it is easy to use, informative and gives you a foot in the door with new clients, as well as serves as an additional sales tool for assistance in an already competitive market.
We have been working with Africa Mining IQ for over 5 years, we have built a substantial Mining Project Data Base, this Data Base is easily updated, as regular emails advising Project Updates are received. Being able to compile data for specific minerals mined, say for example Copper, we able to target the Copper Mines with our products that are Copper specific. EG. Copper Concentrate containers.
CCS Mining and Industrial have been users of Africa Mining IQ for the past 6 years. For us it's been the most accurate and up to date source of information. Our research team uses Africa Mining IQ extensively for research on new opportunities across Africa. Through their extensive and extremely useful reports it's become our single source of information to gauge activity and opportunity in the industry. Africa Mining IQ have contributed hugely to our success in the market. Ina and her team have always been extremely helpful, bringing with them a wealth of insight and knowledge of the industry allowing us to make informed business decisions.
Africa mining IQ has been instrumental in gaining new business leads by supplying contact details of relevant individuals at the numerous mines listed which are promptly updated to the current project status making it possible to approach the projects at the right time.
On behalf of the entire Watson-Marlow Fluid Technology Group and specifically Watson-Marlow Bredel SA we wish to thank you and your team for the excellent service from training session to the prompt response from Sharon on any queries. We gained great benefits since we started our subscriptions with Africa Mining IQ. The contact details for the various projects makes it so much easier to contact the right person involved. We appreciate your efforts in constantly upgrading and updating the user-friendly site. It is also a great 'tool' in our long-term strategic planning and I specifically find the ready available analysis reports of great value for quick reference.
BMG have used Africa Mining IQ for 11 years to assist us in understanding what projects are being developed in Africa and South Africa. Monitoring projects through their stages has allowed us to successfully target various projects in the SADC countries where BMG are represented. All BMG users find the already available analysis reports and the ability to follow specific projects closer saves a lot of time in staying updated on the latest developments.
We've used Africa Mining IQ for the past 8 years to assist us in understanding what projects are being developed in Africa and South Africa. The contact details for each project assist hugely in making contact with the correct person at the right time. We believe it is the best form of information on turnkey mining projects in Africa, and recommend it to other EPCM houses and manufacturing companies.
Africa Mining IQ has become a vital tool in building my project lists, especially in Africa. Early warning of impending relevant projects with names and contact details enables us to make early contact and begin our sales process earlier. Monitoring projects through their stages has allowed us to successfully target a number of projects in countries like Ghana, Mozambique, Botswana and Namibia.
The Multotec Group has gained great benefit since being one of the initial subscribers of Africa Mining IQ. The identification of upcoming project information and the contacts therein have been invaluable in allowing us to target and penetrate these projects with our equipment and market our product and service capabilities.
Africa Mining IQ adds a team of â€˜market intelligence officers' at our fingertips, making it easy to follow new prospects and allow early contact with the correct people. It is also of great use in our long-term strategic planning and market evaluation. I specifically find the already available analysis reports of great use for quick and easy reference, and the ability to follow specific projects closer saves a lot of time in staying updated on the latest development.
Africa Mining IQ provides an excellent starting point for identifying and targeting new opportunities, with brilliant filters that allow us to understand project development with end users and consulting engineers. The contacts supplied provide the base to start developing relationships with key decision makers within the targeted project.
On behalf of my sales team, I wish to thank you for the impeccable services that we receive from you and the rest of AMIQ. We find that the service which AMIQ provides to be invaluable in our daily operations of prospecting potential clients and the ease of use of the website is also largely advantageous. We appreciate your efforts in keeping the site updated, correct and user-friendly, and also appreciate your prompt response whenever assistance is needed.
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