NEWS BRIEFS
Centamin Announces growth potential across Egypt and West Africa
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entamin (LSE:CEY) (TSX:CEE) announces an update summarising progress on the ongoing exploration initiatives across it's prospective portfolio in Egypt and West Africa. The work completed so far this year has successfully identified the potential for satellite open pit ore sources within the Sukari concession and extensions of the Sukari underground orebody, inclusive of high grade Bonanza zones.
production . Across the broader concession we identified shallow satellite surface targets, potentially adding growth and operational flexibility to our mine plan, and completed the first airborne geophysical survey in Egypt - a milestone for Centamin and Egypt's hard rock sector.
IFC and EDM Partner to Increase Access to Renewable Energy in Mozambique
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Under the collaboration agreement, announced on the sidelines of the Africa Energy Forum in Brussels, IFC and EDM target to develop four solar PV and battery storage facilities across Mozambique with an expected total energy production of 50 Megawatts, dependent on the results of a grid integration and financial assessment study to be conducted by IFC. The solar PV Plants will provide power to the Country’s grid and help to meet growing electricity demand in a country where only about 43 percent of the population has access to electricity, of which 40% from
National Grid and 3% from isolated systems. For EDM’s CEO, Eng. Marcelino Gildo Alberto, this project “signals the Company’s effort in the search for sustainable solutions to accelerate Universal Access to Energy for all Mozambicans by 2030. In this sense, with the commitment to energy diversification, we hope to generate, in the coming years, 200MW in renewable energy. Likewise, with projects of this nature, EDM is at the forefront of the energy transition, in line with the Paris Agreements to reduce global warming”. “A key priority for Mozambique is ensuring access to affordable, sustainable, and reliable electricity. By combining early-stage project development support and financing, IFC is working with EDM to support Mozambique to develop its renewable energy sources to help power homes and businesses”, said Dan Croft, IFC Regional Manager for Infrastructure in Africa on the Upstream team, which works on early-stage project development. The project is part of IFC’s work in Mozambique to increase access to power including by bringing on increased renewable energy sources.
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May-June issue l 2022
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imbabwean President Emmerson Mnangagwa has praised Chinese investment for changing the economic landscape in his country and other parts of Africa, while blasting the West for plundering African resources for decades. “They have brought value and employment to our economies and societies, enabled through mutually painful partnerships never experienced before in our troubled history as a continent,” he said.
MARTIN HORGAN, CEO, commented: " The team at Sukari continues to deliver excellent results which demonstrate the quality of our portfolio - positive drill results have demonstrated the upside potential in the orebody that can support both life of mine extensions and an increase in underground
o increase access to renewable energy and expand power delivered to the grid in Mozambique, IFC and Electricidade de Moçambique, E.P. (EDM) has signed a collaboration agreement to develop small-scale solar Photovoltaic (PV) Plants and battery storage facilities.
Zimbabwean president defends Chinese investment in Africa against Western incitement
“We have seen Chinese capital supporting landmark and iconic infrastructural projects across the African continent,” he noted, adding, “Here in Zimbabwe, China has helped fund and implement several projects in the sectors of energy, air transport, water, real estate, industrial value addition, mining and defense.” “All these have secured and bolstered our independence while changing the structure of our economy in this season of punitive Western sanctions,” the president said. However, the West, Mnangagwa said, has been unhappy about the Chinese footprint on the continent and advising African leaders to be wary of the Chinese, as well as the Russians, Indians, Brazilians and Arabs. “Apart from generous grants, interest-free or light loans, they have now come back to the continent they helped liberate as new, nontraditional investors. Read against time and historical circumstances, they are new and latecomers in this domain, unlike Western interests which have been exploiting our continent even well before its formal occupation,” he said. “Including here in Zimbabwe, we have seen some Western governments sponsoring several false environmental and mining advocacy groups which seek to agitate communities against non-Western mining interests,” he said. “Their advice to us is false and cynical; we reject it with utter contempt it deserves.” www.africasurveyorsonline.com
