The African Mining Indaba 2024, a conference focused on investing in the African mining sector, will begin in Cape Town on Monday. The event will focus on metals, including lithium and cobalt, which could increase sixfold within 20 years.
Despite a decline in exploration investments, experts believe the trend will reverse due to the demand for minerals essential to the energy transition. The conference will highlight ESG, environmental, social, and governance criteria as cornerstones for African mining development.
The event will also include the presence of the Democratic Republic of Congo (DRC), one of the largest green metal-producing countries globally. The DRC holds a leading position in Africa’s mining industry, with untapped deposits of cobalt, copper, diamond, gold, and other minerals estimated at $24 trillion.