UAE Eyes Zambia Mine As Minerals Race Heats Up Against Saudi Arabia, China
March 22nd, 2024
Via Al Monitor, a look at how wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition: The United Arab Emirates is increasing its push to acquire African mineral resources, scrambling against China, Saudi Arabia and others to secure contracts. Its latest foray is […]
Read more »US Bets on $2.3 Billion African Railway to Help Deliver EV Revolution
February 23rd, 2024
Courtesy of Bloomberg, a report on Washington’s gamble that the Lobito corridor linking Congo, Zambia and Angola will provide the battery metals to power its green transition: Ahead of a trip to Zambia in September, Kurt House made a detour to Washington to meet US Under-Secretary of State Jose Fernandez, who subsequently wrote on X. “We […]
Read more »Africa Moves a Step Closer to Continent’s First Cobalt Refinery
February 18th, 2024
Courtesy of Bloomberg, a report on progress towards Africa’s first cobalt refinery: AFC signs expression of interest with Vision Blue-backed firm Production could begin at Zambian facility in 22 months Africa could have its first cobalt sulphate refinery by the end of 2025, one of the few outside of China capable of making the product […]
Read more »West Challenges China’s Critical Minerals Hold on Africa
February 17th, 2024
Via Reuters, a report on the West’s efforts to challenge China’s critical minerals hold on Africa: China’s CMOC Group overtook Glencore to become the world’s largest producer of cobalt last year as it ramped up its new Kisanfu mine in the Democratic Republic of Congo. The company’s production leapt by 174% year-on-year to 55,526 metric […]
Read more »China Plans To Spend $1B To Revamp Tanzania-Zambia Railway
February 10th, 2024
Via South China Morning Post, a report that China plans to spend US$1 billion to revamp Tanzania-Zambia railway in race to control critical mineral trade routes: The Tazara rail line, first built in the 1970s with Chinese funding, will be updated through public-private partnership The project connecting Zambian copper belt with Dar es Salaam will compete […]
Read more »Zambian President Calls US-Backed Rail Once-in-Lifetime Break for Nation
February 9th, 2024
Courtesy of Bloomberg, an article on the Lobito Corridor: Lobito corridor project will connect Zambia to Angola port Line will compete with another one that China is investing in Zambian President Hakainde Hichilema said a US-backed project to connect Zambia’s copper mines to an Angolan port offers the nation a “once-in-a-lifetime” opportunity. The project will link mining […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.