Last June, South Africa’s Department of Mineral Resources and Energy stated its readiness to sign a Memorandum of Understanding with South Sudan to facilitate technology transfer and cooperation across mining project development, beneficiation and value addition.
African Exploration Mining and Finance Corporation, South Africa’s state-owned mining company, is also seeking partnerships with South Sudanese companies to collaborate in the valuation of minerals, capacity building and establishment of a mining-specific regulatory framework, among other strategic areas.
The East African nation is estimated to hold significant deposits of copper – approximately eight million tons, according to recent exploration studies – along with gold, diamonds, cobalt, nickel, lithium and rare earth elements. Comprehensive geo-mapping is underway to identify exact reserve quantities, with a view to granting mining concessions in the near future. At CMA 2023, established mineral producers from around the world will engage with trade, development and finance opportunities available in South Sudan, as it looks to build the early stages of its mining sector.
The Critical Minerals Africa 2023 summit on October 17-19 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week 2023 conference on October 16-20, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
