• MINING INDABA
UK ’ S STRATEGIC COMMITMENT TO CRITICAL MINERALS IN AFRICA : PARTNERING FOR A SUSTAINABLE FUTURE
By John Humphrey , His Majesty ’ s Trade Commissioner to Africa , UK ’ s Department for Business and Trade
The United Kingdom has long been a proponent of global economic development and sustainable resource management . In light of the increasing global demand for critical minerals , the UK is strategically positioning itself as a key partner in Africa ’ s mining sector . This move is not only a testament to the UK ' s commitment to fostering international partnerships but also an essential step toward achieving the global net-zero targets and promoting sustainable practices across the mining sector .
A Growing demand for critical minerals The global pursuit of a low-carbon economy has amplified the demand for critical minerals . These minerals , essential for the development of clean energy technologies , are increasingly sought after by the world ’ s largest economies . The World Bank ’ s prediction that the production of minerals such as graphite , lithium , and cobalt could surge by nearly 500 % by 2050 underscores the urgency of securing reliable sources for these materials . Similarly , the International Energy Agency ’ s “ Net Zero by 2050 ” scenario highlights the necessity of significantly increasing mineral inputs by 2040 to meet global sustainability goals .
Africa ’ s wealth of resources Africa , with an estimated 30 % of known global mineral reserves , is poised to play a crucial role in supplying the world with critical minerals . The continent is rich in essential resources , including platinum group metals , cobalt , copper , bauxite , ilmenite , rutile , titanium , iron ore , manganese , and graphite . Notably , nearly 70 % of the world ’ s cobalt is currently mined in the Democratic Republic of Congo ( DRC ). This abundance of resources presents a unique opportunity for African nations to leverage their mineral wealth to foster economic growth and development . However , the potential of these resources can only be fully realised through strategic partnerships and investments that prioritise sustainability and governance . Recent changes in leadership roles in countries such as Zambia , the DRC , Angola and Tanzania demonstrate a renewed commitment to attracting foreign investment and promoting positive policy changes across the mining sector .
Positive developments in regions such as Zambia , the DRC , Angola and Tanzania have opened new avenues for collaboration .
Supplied by UK ’ s Department for Business and Trade
John Humphrey , His Majesty ’ s Trade Commissioner to Africa , UK ’ s Department for Business and Trade .
Strategic partnerships and investments In July 2021 , the British Geological Survey identified 18 minerals that are vital to the UK ’ s net-zero ambitions . International collaboration , particularly with resource-rich partners like Africa , will be key to supporting achieve these ambitions The UK ’ s mining sector is already deeply embedded in Africa , with numerous British companies actively exploring and developing mining projects across the continent . These companies adhere to global best practices , working in full consultation with local governments and communities to ensure sustainable and responsible mining operations . Prominent UK firms such as Anglo American , De Beers , Rio Tinto and First Quantum Minerals are at the forefront of this collaborative effort , showcasing the UK ' s expertise in driving sustainable mining practices . To further bolster these efforts , the UK is focusing on establishing robust environmental , social , and governance ( ESG ) frameworks that are fundamental for all mining projects moving forward . Companies with well-established ESG strategies are increasingly attracting investor attention , highlighting the importance of integrating these principles into all aspects of mining operations . The UK ’ s expertise in ESG represents a significant opportunity for both investors and African countries to enhance their mining sectors sustainably .
Recent policy changes and leadership shifts in African nations have created a favourable environment for foreign investment . Positive developments in regions such as Zambia , the DRC , Angola , and Tanzania have opened new avenues for collaboration , with British companies taking the lead in fostering these partnerships . Notable achievements in 2023 / 24 , include direct investments totalling hundreds of millions of pounds of investment from British businesses into Africa ’ s mining sector . These successes underscore
26 • African Mining • January 2025 www . africanmining . co . za