February 2021

Bargate Update

Mining and metals

According to the World Bank, production of minerals like lithium and cobalt could grow by 500% in the next 30 years as demand for clean energy technologies continues to grow. For example, a 3MW- capacity wind turbine requires 4.7 tonnes of copper. It is evident that as the world continues its pursuit for cleaner energy, the importance of mining and metals cannot be overemphasized. Africa has a big part to play: Cobalt is one of the core components for the manufacture of batteries for electric vehicles (and those used to store solar power). Around 70% of the world’s cobalt supply is produced in the Democratic Republic of Congo (DRC). The Copperbelt, which lies between Zambia and DRC produces approximately two-thirds of the world’s copper.

Last month, our Managing Director, Ugo Isiadinso, joined Nouman Khalid Al Sayed of the High Aspirations podcast, where the pair discussed mining in sub-Saharan Africa with a focus on Nigeria. This light discussion is accessible to both mining and non-mining professionals. Watch the video here

Advisory board

We are pleased to welcome Nigel Walls as the newest member of Bargate's Advisory Board. Nigel joins with over 30 years' experience in the mining industry and will support Bargate's aggressive growth strategy into the mining industry in sub Saharan Africa. Read his profile here

  

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