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Is the African Mining Sector Ready to Respond to the Opportunities Offered by the Energy Transition?

Due to the increased demand for critical minerals globally, Nabil Khodadad and Nonku Zondo explore how the African mining sector can benefit from and lead the energy transition.

With the global surge in demand for critical minerals, the security of supply has become paramount. With its vast mineral reserves, Africa is poised to play a leading role in the energy transition. The continent’s potential is undeniable; holding almost one-third of the world’s mineral reserves, many of which are vital to renewable and low-carbon technology.

Yet, despite its abundance of critical raw minerals, the African mining sector is facing significant challenges. Investment shortfalls in critical mining projects, secondary industries and infrastructure, uncertain regulatory frameworks, and broadscale ESG failings are among the pressing issues that demand immediate attention. These challenges underscore the fact that the presence of critical minerals is not a guarantee of success. Addressing these challenges necessitates a collaborative, multi-stakeholder approach.

Read the full article on Global Mining Review.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.