More than 115 countries are being represented in the 31st investment Cape Town, South Africa at African Mining Indaba. At the forefront of many discussions, US President Donald Trump has plans, and we have an effect that freeze for the US and on foreign aid can be on Africa’s mining industries.
The theme of this year’s conference is “Future proofing African mining, today.” Howyvar, some specially concerned that TATIFs imposed by Trump – especially on Saturday declared 10% tariffs – will make this mission very difficult.
Denis Danya, Senior Executive Vice President of Afreximbank, who joined the trade expansion projects, said Tafs dominated their conversation, but the answers are still something.
“Because China is the source of a lot of sources of its minerals from Africa, who go into its manufacturing, what are these Tas, there is a possible negative knock-on effect on African mining, if the demand is not as a result of the tariff,” Danya Said. “But we are waiting to see what the effect will be. At the moment we can speculate, but we are not real. ,
What is Trump’s decision to freeze American foreign aid.
South Africa’s Minerals and Petroleum Resources Minister, Guwed Mantashe, in his initial address, told the delegates that Africa wandered with minerals if the funding has been withdrawn.
But Danya had an anti -approach.
“I think every administration has the right to determine how national resources are being deployed, so the Trump administration has the right to determine where to use their resources and we to continue the activities Can’t impose on the United States. So, it is to decide the American people, ”Danya said.
Veteran mining analyst Peter Major said, unlike China, the US has been alert to its investment in Africa, due to several factors, including political instability on the continent.
A case in the point is the current conflict in the mineral-rich eastern part of the Democratic Republic of Congo, where the M23 rebel and the congregation government are fighting for control.
Major urged the US to continue with the Lobito Corridor, which is a rail project for transporting minerals from Congo and Zambia to Lobito’s port in Angola on the Atlantic coast. The project was supported by former President Joe Biden’s administration.
“I think this America was putting a toe in the water and they should not stop now,” Major said. “They should keep the feet in the water, they should get a foot there, they should maximize the value and profit of that project and show Africa how they are eager here and help all the players appropriate, beneficial in good words. We do.”
Africa is believed to have been organized to Africa 30% of the world’s minerals, some of the sources of money like diamonds and gold, others used in products such as battery and electric vehicles, which to clean energy sources It is considered important for infection.
The representative at the conference, which runs until 6 February, represents mining companies, investors and governments. There is a delegation from the United States, but all media inquiries are directed to Washington.