UAE investments are driving growth in African mining, highlighted by Ambrosia’s acquisition of a stake in Allied Gold and significant commitments in Ethiopia and Mali. AD Ports has initiated operations in Luanda, IHC is boosting production in Zambia, and Emiral is enhancing projects in Mauritania and Ghana. Upcoming events will promote collaboration in the mining sector.
The growth of African mining is being significantly bolstered by investments from the United Arab Emirates (UAE). Notably, Ambrosia Investment Holding acquired a 50% stake in Canadian firm Allied Gold’s projects in Ethiopia and Mali in February 2025, committing $375 million to enhance gold output by 290,000 ounces per year by 2026 and 400,000 ounces by 2028. Additionally, plans to deploy renewable energy systems at the Sadiola mine in Mali are included in this deal.
Furthermore, AD Ports Group commenced operations at Luanda Port in January 2025, following a $250 million investment. As the primary gateway handling 76% of Angola’s cargo, this project will strengthen the mining sector by improving logistics links with neighboring countries. The company anticipates increasing its total investment to $380 million, aligning with a projected 3.3% annual rise in container volumes over the coming decade.
Moreover, International Holding Company (IHC) has increased ore production at the Mopani Mine in Zambia, raising output from 2.2 million tons to 2.8 million tons in January 2025. This enhancement resulted from a substantial $1.1 billion investment made in March 2024, which also improved copper grades and expanded employment opportunities in the region.
Emiral Mining is advancing its ambitions in the African mining sector by fast-tracking an iron ore project in Mauritania and investing in Ghana’s gold industry through a significant stake in Asante Gold Corporation. This corporation is pursuing a $522 million expansion program for key gold mines in Ghana, ensuring the country’s mining sector remains competitive.
Looking ahead, multiple UAE entities are actively exploring partnerships for investment in various African markets. International Resources Holding and South Africa’s Public Investment Corporation have signed agreements focusing on mining and green energy projects, while DP World plans a $3 billion investment over five years to improve logistics infrastructure. Additionally, agreements between UAE and Kenya aim to bolster bilateral trade through the mining sector.
Finally, the upcoming African Mining Week in Cape Town, scheduled for October 1-3, will provide a vital platform for enhancing collaboration among UAE and African stakeholders in the mining industry. The event promises to facilitate networking and the advancement of projects, underlining Africa’s significance in the global mineral sector. It will be held alongside the African Energy Week: Invest in African Energies 2025, offering insights to sponsors and delegates.
In summary, the significant investments by UAE firms in African mining projects, exemplified by Ambrosia’s entry into Mali, AD Ports’ operations in Angola, and IHC’s expansion in Zambia, underscore a growing commitment to enhancing the region’s mining sector. Additionally, upcoming events like African Mining Week will further facilitate partnerships and investments, fostering a collaborative environment to unlock Africa’s mineral wealth.
Original Source: www.zawya.com
