Let’s start with your background in the mining space and role at IDC.
I have over 20 years of experience spanning strategy, investments, project development, and technology with a focus on catalyzing growth in Africa’s key sectors. As head of investments (mining & energy) at the Industrial Development Corporation (IDC) in Zambia, I lead the development of strategic initiatives in mining and energy that align with Zambia’s economic priorities.
At IDC, I oversee investments across the mining value chain, from exploration and production to beneficiation and trading. My role involves sourcing, structuring, and implementing impactful mining projects, such as the development of greenfield mining ventures, and partnerships with leading industry stakeholders.
Africa’s vast natural resources wealth has placed it at the forefront of supplying the key metals for the energy transition. What are some of the most prominent opportunities that you’re seeing arise with this focus on African supply?
Africa’s mineral wealth presents an unparalleled opportunity to drive the energy transition. Key metals like copper, cobalt, lithium, and nickel — critical for renewable energy technologies and Electric Vehicles (EVs) — position the continent as a pivotal player in global decarbonization.
One of the most prominent opportunities lies in value addition and beneficiation. By moving beyond raw material exports to establish local processing capabilities, African nations can capture more of the value chain. For instance, Zambia and the DRC are uniquely positioned to become global hubs for copper and cobalt refining.
Additionally, the rise of green hydrogen and renewable energy presents an opportunity to power mining operations sustainably.
Collaborations with global investors, partnerships with OEMs, and leveraging Africa’s youthful workforce can also accelerate development in this space.
Let’s look specifically at Zambia. How do you see the energy transition and the focus on metals from the African continent impacting the country and economy? How can Zambia best position itself in this environment?
Zambia is already a key player in the energy transition, as the second-largest producer of copper, and home to significant cobalt reserves. The global push for renewable energy and EVs will increase demand for these metals, creating opportunities for export growth, FDI, and local industrialization.
To maximize its potential, Zambia must:
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- Develop Infrastructure: Invest in rail, road, and power infrastructure to facilitate efficient mining and processing
- Promote Downstream Activities: Encourage local beneficiation and manufacturing, such as producing copper cathodes or battery components
- Leverage Renewable Energy: Expand solar and hydroelectric projects to reduce reliance on carbon-intensive energy sources
- Strengthen Policy and Governance: Establish investor-friendly policies while ensuring equitable resource distribution and environmental sustainability
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Through these efforts, Zambia can position itself as a global leader in supplying critical metals while driving inclusive economic growth.
What is the key investment drive at IDC?
The IDC’s investment drive is focused on creating a diversified and sustainable industrial base for Zambia. In mining, our objective is to unlock value across the entire value chain—from exploration to processing and trading—while fostering partnerships with private investors.
Our strategy prioritizes:
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- Developing Greenfield Mining Projects: Identifying and advancing projects in untapped mineral-rich areas
- Revitalizing Brownfield Assets: Breathing new life into underperforming or dormant mining assets through strategic partnerships
- Sustainable Energy Integration: Aligning mining investments with renewable energy projects to ensure sustainable operations
- Promoting Local Content: Building capacity among local businesses and communities to participate in mining supply chains
How do you assess what makes a good investment opportunity?
At IDC, we evaluate investment opportunities through a rigorous, multi-dimensional lens:
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- Economic Impact: Does the project align with national priorities and drive economic diversification or job creation?
- Financial Viability: Does it demonstrate strong returns, manageable risks, and financial sustainability?
- Strategic Fit: Does it complement IDC’s existing portfolio or catalyze value along the mining and energy value chains?
- Environmental and Social Governance (ESG): Does it adhere to global ESG standards, mitigating environmental risks while benefiting local communities?
- Partnership Potential: Does the project attract capable partners, including global investors and technical experts?
We also factor in long-term scalability, ensuring projects can adapt to market dynamics and technological advancements.
We have the 121 Mining Investment Cape Town and Mining Indaba coming up in February 2025. What is the key message you’d like to share with the thousands of people coming into South Africa for these events?
My message is simple: Africa is open for business, and the time to invest is now!
As the global energy transition accelerates, Africa’s rich mineral endowment positions it as a critical partner in the decarbonization agenda. However, it’s not just about mining metals—it’s about creating value, building resilient supply chains, and fostering sustainable development.
For investors, the opportunities in Africa are immense:
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- The potential for high returns from strategic projects in critical metals like copper, cobalt, and lithium
- Opportunities to integrate ESG principles into profitable ventures, aligning with global sustainability goals
- The chance to partner with governments and institutions like IDC to shape Africa’s industrial future
Zambia, in particular, offers a stable and supportive environment for mining investments. At IDC, we are eager to engage with partners ready to drive transformative projects that deliver value for all stakeholders.
