It was the first event organized by Ivory Coast to unite the mining, oil, and energy sectors to discuss synergies for economic development within Africa's energy transition. It brought together ministers and leaders from various African countries, focusing heavily on French-speaking nations, along with representatives from Ghana and Angola.
Discussions centered on the role of critical minerals in the transition, the geopolitical competition surrounding these resources, and China's prominent role in the sector. Concerns were raised about how to approach China's involvement, with some blaming African governments for failing to move beyond extraction towards processing and development.
Perceptions of China's dominance are often exaggerated. Data suggests Chinese mining accounts for only 6.7% of African mining output, less than half of Anglo-American's share. This misrepresentation extends to critical minerals, where China's presence is significant in the DRC and Zambia but less so in other regions like Namibia, South Africa, and much of West Africa.
The visit aims to highlight U.S. leadership in trade, investment, and infrastructure in Africa; emphasize Angola's regional leadership; and showcase the evolving U.S.-Angola relationship. Key announcements are expected regarding the Lobito Corridor, a major infrastructure project, along with initiatives on global health security, food security, security sector cooperation, and cultural heritage preservation.
The Lobito Corridor is a regional infrastructure project connecting Angola, DRC, and Zambia. While it aims to facilitate trade and investment across multiple sectors like clean energy and agriculture, its focus on rail investments is crucial. These investments reduce transportation costs, improve shipping times, open access to agricultural land, and support the supply chain for critical energy minerals, which are a key driver of the project.
The U.S. emphasizes providing choices and supporting sovereign decisions, rather than forcing countries to choose sides. They believe their value proposition lies in trade, investment, partnership, and people-to-people ties. They contrast their approach with what they characterize as China's problematic practices, such as untrusted digital infrastructure, forced labor, and illegal fishing.
One major challenge is the sheer scale of China's refining capacity, which the U.S. and Europe currently lack. This means that even if minerals are sourced from Africa via projects like the Lobito Corridor, they may still end up being processed in China. Additionally, the long-term viability of U.S. initiatives like the Lobito Corridor is uncertain given the upcoming change in administration and the potential shift in priorities under a new president.
The Sirexe “Salon International des Ressources Extractives et Energetiques” conference took place this week in the Ivory Coast and brought together ministers, policymakers and corporate leaders from across the continent to discuss Africa's energy transition.
Géraud led the discussion about China's role in that process, both as a key supplier of new energy technologies like photovoltaic power supplies and electrified mobility and, of course, as a major actor in the critical resources extractive sector in Africa.
Also this week, senior U.S. officials briefed the media on President Joe Biden's upcoming trip to Angola. Eric, Cobus, and Géraud discuss the awkward timing of the visit that comes less than two months before Donald Trump returns to the White House and how Angola is now in the middle of the U.S.-China duel in Africa.
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