UAE investments are driving growth in the African mining sector. Ambrosia Investment Holding acquired a stake in Canadian mining projects, promising significant increases in gold output. AD Ports Group has commenced operations at Luanda Port to enhance logistics for mining. Major investments are also seen from International Holding Company and Emiral Mining, which aim to boost production and infrastructure. Future collaborations are anticipated during the African Mining Week in Cape Town.
The investments from the United Arab Emirates (UAE) are significantly propelling growth in the African mining sector. Notably, Ambrosia Investment Holding has acquired a 50% interest in Allied Gold’s ventures in Ethiopia and Mali, committing to inject $375 million to enhance gold production by 290,000 ounces annually by 2026 in Ethiopia and 400,000 ounces by 2028 in Mali. Furthermore, Ambrosia aims to implement renewable energy systems at the Sadiola mine by mid-2026.
AD Ports Group has begun operations at Luanda Port after a $250 million investment in January 2025. This port processes 76% of Angola’s cargo, acting as a vital trade hub for surrounding nations such as Zambia and the Democratic Republic of Congo. Over the next two decades, AD Ports is poised to escalate its investment to $380 million, anticipating a 3.3% annual increase in container traffic in Angola.
International Holding Company has also enhanced production at the Mopani Mine in Zambia, raising ore output from 2.2 million tons to 2.8 million tons following a $1.1 billion investment. This expansion has elevated the copper grade and increased employment at the mine from over ten thousand to nearly thirteen thousand workers.
Emiral Mining is advancing its iron ore project in Mauritania and plans to issue a pre-feasibility study in early 2025, following a $40 million exploratory investment since 2020. Additionally, it holds a majority stake in Asante Gold Corporation, which is facilitating a $522 million expansion of major gold mines in Ghana, further bolstering the region’s mineral output.
Looking towards the future, UAE public and private sectors are actively pursuing investment opportunities throughout Africa. International Resources Holding aligned with South Africa’s Public Investment Corporation for potential investments in mining and green energy. Moreover, DP World revealed a five-year plan to invest $3 billion into Africa’s logistics infrastructure. In Kenya, UAE officials signed accords to encompass mining sector investments, augmenting bilateral trade and cooperation.
The forthcoming African Mining Week, scheduled for October 1-3 in Cape Town, will offer an essential opportunity for UAE and African stakeholders to collaborate. This premier event aims to enhance mining industry participation with the theme “From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth.” It coincides with the African Energy Week, fostering broad engagement in mining and energy sectors. Interested parties can obtain further details by contacting sales@energycapitalpower.com.
In conclusion, the UAE’s strategic investments are significantly transforming the African mining landscape. With substantial financial commitments across multiple countries, initiatives from companies such as Ambrosia Investment Holding, AD Ports Group, and International Holding Company are enhancing production capabilities, promoting renewable energy, and fostering employment. The upcoming African Mining Week serves as an excellent opportunity for continued collaboration, ensuring that both African nations and UAE stakeholders thrive in their mutual economic pursuits.
Original Source: www.zawya.com
