Africa Update

Africa Update

Members of the Hunt & Humphry team recently attended the 2015 Africa Energy Forum held in Dubai.  The forum for African infrastructure focused contractors, sponsors, commercial banks and development finance institutions was well attended by Australian companies and advisors, a definite increase in attendance on last year.

Whilst the mining sector, and particularly Australian juniors continue to find conditions challenging, the opportunities being created by the multi-billion dollars being invested into African infrastructure are many and varied.

Recently, the private equity firm Blackstone announced a program to invest $US5 billion in African infrastructure; Power Africa, a US-backed fund has announced it has $US20 billion to invest in Africa power projects.

Not only has this created opportunities for Australia’s contractors, but it has also allowed some junior mining companies to see their projects in a new light; coal and gas projects, for example, are being promoted as independent power projects.  We’re pleased to be acting for junior ASX listed mining companies that are seeking to turn difficult times for their sector into an opportunity.

Of course, for those advanced and operating African mining projects, the forum continues to present an important way for operating mining companies to seek out suppliers that can provide cheap, reliable power to their operations.  Our team represents a number of power developers in Africa – such as the Copperbelt Energy Corporation of Zambia – who continue to look for ways to provide electricity to Africa’s mines.  Copperbelt Energy provides power to a number of mining companies (including Australian mining companies) in the DRC and Zambia.

No Comments

Sorry, the comment form is closed at this time.