The UAE has recently made significant investments in African mining, notably through Ambrosia Investment Holding’s acquisition of a stake in Allied Gold which aims to escalate gold production in Ethiopia and Mali. AD Ports Group has initiated operations at Luanda Port to enhance logistics in Angola, while IHC has improved ore production at Mopani Mine in Zambia. Emiral is advancing projects in Mauritania and Ghana, reflecting a broader trend of UAE investments in the African mining sector.
In an effort to boost African mining growth, several investments from United Arab Emirates (UAE) companies have been made recently. Notable among these is the acquisition by Ambrosia Investment Holding of a 50% stake in Canadian firm Allied Gold’s mining projects in Ethiopia and Mali. This $375 million investment is expected to enhance gold production significantly by mid-2026 and 2028.
AD Ports Group has also commenced operations at Luanda Port, a vital trade hub for Angola, as part of a $250 million investment initiative. This port accounts for a substantial portion of Angola’s cargo volumes and aids in increasing logistics efficiency, with projected annual growth in container volumes.
International Holding Company has made strides in Zambia by elevating ore production at Mopani Mine through a $1.1 billion investment made in March 2024. This enhancement has resulted in increased copper grades and job creation in the region, marking a significant boost to local employment.
Moreover, Emiral Mining is fast-tracking its iron ore project in Mauritania with a pre-feasibility study anticipated in early 2025, alongside its significant investments in Ghana’s gold sector through Asante Gold Corporation. This collaboration includes a major expansion program to advance mining operations.
Looking ahead, the UAE continues to explore partnerships across Africa, with various public and private sector entities engaging in agreements to invest in mining and logistics. A highlight of this engagement is the upcoming African Mining Week from October 1-3 in Cape Town, intended as a venue for enhancing cooperation and consolidating Africa’s position in the global mining sector.
Recent investments from UAE entities in African mining are poised to significantly enhance production and employment across various projects. With strategic partnerships and substantial financial commitments, these initiatives are expected to elevate Africa’s mining output and foster economic growth, particularly evident during the upcoming African Mining Week. This collaboration underscores the UAE’s role in strengthening the African mining landscape and promoting sustainable development.
Original Source: www.zawya.com
