1、MACIGMINING IN AFRICA COUNTRY INVESTMENT GUIDE2025GLOBAL BUSINE SS REP ORTSWelcome to the 11th edition of Mining in Africa Country Investment Guide(MACIG),a book we are proud to see established as the incontestable first source of African mining intelligence,and an indispensable companion to a bette

2、r understanding of the continent.For this edition,we have focused on making this large report as practical and easy to navigate as possible.The first part of the book deals with a primordial question:How investable is Africa in 2025?Drawing from interviews with mining operators and financial institu

3、tions,we conclude that Africa is probably riskier today than it was a decade ago,when GBR compiled its first MACIG report.However,the rewards and the stakes are also higher,and Africas prime geology and its relevance to current geopolitical trends have helped offset higher ju-risdictional risks.The

4、second section charts Africas positioning in eight key commodities:gold,copper,uranium,coal,manganese,nickel,graphite and lithium.While gold and copper are the clear winners in terms of price gains,we also find the uranium market brimming with anticipation,while the battery cluster grapples with the

5、 inescapable Chinese price effect;we assess whether this group can break out of the cycle through a potential green/source premium and the African continents role in the green energy transition.In the third section,we are cartographing 12 of Africas mining jurisdictions,by region:South-ern Africa(So

6、uth Africa,Namibia),West Africa(Ghana,Burkina Faso,Mali,Cte dIvoire),Cen-tral Africa(Zambia,the DRC),and East Africa(Tanzania,Rwanda,Uganda,Ethiopia).Juggling the tricky politics of omission and inclusion,we make a point of going beyond reporting on the usual suspects the well-known mining countries