Mobilising investment in green mining

The mining industry is undergoing rapid transformation fueled by advancements in technology and a growing sense of social responsibility among mining companies globally. This shift has attracted a surge of interest from investors looking to capitalize on green mining opportunities in Africa. Rudi van Blerk, Partner at Boston Consulting Group, Johannesburg, sheds light on the current landscape of foreign investment in the mining sector during a discussion with CNBC Africa. Van Blerk highlights the substantial interest from Western nations, such as the US, the UK, and the EU, in collaborating with Africa to access critical minerals needed for the energy transition. While China has historically held interest in African minerals, the recent uptick in Western interest signifies a promising trend for the region. Van Blerk emphasizes the importance of forming mutually beneficial partnerships with African countries to ensure the sustainable development of the mining industry. He stresses the need for careful consideration of terms and conditions offered by different countries to maximize benefits for all stakeholders. The conversation delves into the significance of policy interventions to support investors in adding value to the mining industry in sub-Saharan Africa. Van Blerk suggests creating a conducive environment for clear mapping of mineral resources and promoting the use of clean energy in mining operations to meet the growing demand for environmentally friendly practices. Despite Africa's significant mineral wealth, there is still a need for further investment and development to make projects more attractive to investors. Van Blerk points out that African countries, particularly Zambia, the DRC, South Africa, and several West African nations, are garnering increased attention for their mineral reserves, signaling a shift in global focus. However, he acknowledges that there is room for improvement in leveraging Africa's resources effectively. The conversation touches on the impact of regulatory changes, such as the Critical Minerals Act in Europe and the US, on the mining sector. While these acts have generated heightened interest in critical minerals, the pace of progress in extracting and operationalizing projects remains slower in Western nations compared to the East. Van Blerk emphasizes the need for a sense of urgency in executing concrete projects and a willingness to navigate regulatory uncertainties in African nations to drive meaningful partnerships and results. As stakeholders convene at the Indabo Mining Summit, Van Blerk expresses hope for the establishment of tangible partnerships for specific projects in Africa. The summit serves as a platform to transition from exploratory discussions to actionable collaborations that can unlock the full potential of green mining opportunities across the continent.