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Energy Capital & Power

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    • Critical Minerals Africa (CMA) to Showcase African Copper Prospects Amidst Growing Global Supply Shortage
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Source: Energy Capital & Power |

Critical Minerals Africa (CMA) to Showcase African Copper Prospects Amidst Growing Global Supply Shortage

CMA 2024 will promote African copper projects driving the stability of the global supply chain

Railway operator Lobito Atlantic Railway exported (https://apo-opa.co/4e3BWX2) its first shipment of copper from the Democratic Republic of the Congo to the U.S. in August 2024, strengthening Africa's contribution to the growing global demand for the critical mineral. With the global copper supply gap projected to reach 10 million metric tons…

Energy Capital & Power

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    • United States (US) Department of State Joins Pensana, World Bank to Discuss Lobito Corridor at Critical Minerals Africa (CMA) 2024
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United States (US) Department of State Joins Pensana, World Bank to Discuss Lobito Corridor at Critical Minerals Africa (CMA) 2024

Connecting the Zambian and DRC copperbelts with international markets via the Port of Lobito, the Lobito Corridor serves as a blueprint for cross-border infrastructure in African mining

The Lobito Corridor project – a cross-border infrastructure development connecting Angola with mining operations in Zambia and the DRC – is expected to be complete in 2029. The project creates various economic opportunities for the region by strengthening both intra- and inter-African mineral trade.   During the Critical Minerals Africa…

Energy Capital & Power

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    • Critical Minerals Africa (CMA) to Host Investment Forum Showcasing Opportunities in African Critical Minerals
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Source: Energy Capital & Power |

Critical Minerals Africa (CMA) to Host Investment Forum Showcasing Opportunities in African Critical Minerals

CMA 2024 will take place under the theme Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth

Investment in African critical minerals are on the rise, with global entities acquiring assets, funding upstream projects and developing midstream and logistics facilities. Over the past three years, Zambia (http://apo-opa.co/3yk2ymJ) ­– Africa’s second-largest copper producer – has recorded $10 billion in investments (http://apo-opa.co/3WibyRd) in its mining sector. These investments are…

Energy Capital & Power
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Critical Minerals Africa (CMA) 2024 to Explore Lobito Corridor’s Role in Streamlining Mineral Trade

The Lobito Corridor serves as a blueprint for attracting fresh investments to advance infrastructure and mining developments

Multinational commodity trader Trafigura and Kamoa-Kakula entered a long-term agreement with the Lobito Atlantic Railway consortium to transport critical minerals via the Lobito corridor in February 2024. In addition, Canadian mining firm Ivanhoe Mines made its inaugural copper shipment from the Kamoa-Kakula Copper Complex in the DRC via the corridor,…

Energy Capital & Power
Source: Energy Capital & Power |

Positioning the Lobito Corridor as a Model for Foreign Investment

The upcoming Invest in African Energy forum in Paris seeks to establish new avenues for African energy project finance, with the $2.3-billion Lobito Corridor serving as a potential model

In February this year the U.S. International Development Finance Corporation announced new financing in support of the Lobito Corridor – a transnational 1,300-km railway line linking Angola’s Port of Lobito with southern DRC and north-western Zambia. The U.S. and its partners – which include the European Commission, African Development Bank…