UAE investments are driving growth in African mining, with Ambrosia Investment Holding acquiring a stake in Allied Gold, AD Ports commencing operations in Luanda, IHC boosting production in Mopani Mine, and Emiral fast-tracking projects in Mauritania and Ghana. UAE entities seek further partnerships across Africa, with upcoming events facilitating collaboration.
In February 2025, Ambrosia Investment Holding acquired a 50% ownership in Canadian firm Allied Gold’s mining operations in Ethiopia and Mali. This strategic investment includes a $375 million injection to enhance project development, expecting an increase of 290,000 ounces of gold production in Ethiopia by mid-2026 and 400,000 ounces in Mali by 2028. Furthermore, Ambrosia will implement solar photovoltaic and battery energy storage systems at the Sadiola mine in Mali to ensure energy stability by July 2026.
AD Ports Group commenced operations at Luanda Port in January 2025, as part of a $250 million investment strategy. The port, which manages 76% of Angola’s cargo volumes, plays a vital role as a trading conduit for Angola, Zambia, and the Democratic Republic of Congo. AD Ports plans to oversee terminal operations for the next 20 years, with potential investments increasing to $380 million, driven by a projected 3.3% annual growth in Angola’s container traffic over the next decade.
In January 2025, International Holding Company increased ore production at Zambia’s Mopani Mine from 2.2 million tons to 2.8 million tons following a $1.1 billion investment in March 2024. This venture has also improved the copper grade from 1.68% to 2.21% and expanded the workforce from 10,765 to 12,684 employees.
Emiral Mining is expediting its iron ore project in Mauritania, with a pre-feasibility study scheduled for Q1 2025, having invested $40 million in exploration since February 2020. Additionally, in Ghana, Emiral is augmenting the gold sector through its majority stake in Asante Gold Corporation, which is undertaking a $522 million expansion of the Bibiani and Chirano mines.
UAE public and private entities are actively pursuing collaborative investment opportunities across African nations. For instance, International Resources Holding signed a deal with South Africa’s Public Investment Corporation in late 2024 to invest in various sectors, including mining and green energy. Furthermore, DP World announced a $3 billion investment plan over five years to bolster Africa’s logistics infrastructure.
The UAE Ministry of Investment and ADQ have also entered agreements to enhance Kenya’s mining sector, supporting the broader goal of improving bilateral trade. Upcoming events like the African Mining Week from October 1-3 in Cape Town will provide a significant opportunity for UAE and African stakeholders to foster collaboration and advance the mining industry under the theme “From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth.”
This event emphasizes networking and deal-making among mining industry professionals, supporting Africa’s ambition to solidify its status as a leading global mineral supplier. The conference coincides with the African Energy Week: Invest in African Energies 2025, enhancing discussions across both mining and energy sectors, with further inquiries directed to [email protected].
UAE investments are significantly enhancing the mining landscape in Africa through strategic capital infusions and collaborations. The engagements by various UAE firms are set to boost production capabilities and infrastructural development, while also emphasizing sustainable energy practices. Upcoming events will further solidify partnerships, ensuring that African nations enhance their mineral production potential.
Original Source: www.zawya.com
