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African Iron Ore: Driving Industrialization, Investment and Regional Growth

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Energy Capital

African Mining Week 2026 will showcase investment and lucrative prospects within Africa’s iron ore and steel manufacturing value chain

CAPE TOWN, South Africa, March 9, 2026/APO Group/ –Home to 30% of the world’s critical mineral reserves, Africa has emerged as a strategic player in global supply chains. The continent’s iron ore sector, in particular, offers substantial growth opportunities, with global demand and new exploration campaigns making a strong case for investment. As capital expenditure across the sector increases, Africa has a unique opportunity to turn its iron ore resources into catalysts for sustainable economic growth – and countries are already responding to this call.

Iron Ore Emerges as Strategic Priority

The global iron ore market is expected to grow from $313 billion in 2026 to $425 billion by 2034, driven by infrastructure expansion, industrialization and the continued need for steel in automotive and construction applications. In response, African countries and institutions are moving to position iron ore as a strategic priority. The Africa Finance Corporation (AFC) has designated iron ore as a strategic resource critical for advancing Africa’s mineral production, manufacturing capabilities and industrialization agenda. In its Compendium of Africa’s Strategic Minerals study released in mid-February, the AFC states that, of the continent’s estimated $8.6 trillion in untapped mineral wealth, iron ore presents a unique opportunity to drive domestic steel and construction sectors while insulating Africa from global demand volatility.

South Africa has also made iron ore a pillar of its critical minerals expansion strategy which targets R2 trillion in investment over the next five years. Speaking in his mid-February State of the Nation Address, President Cyril Ramaphosa said: “Our iron ore reserves are valued at more than R40 trillion, making mining a sunrise industry. After many years of declining investment in exploration, we are dedicating funds to geological mapping and exploration to harness our critical mineral reserves.”

Similarly, the Democratic Republic of Congo (DRC) is prioritizing iron ore exploitation as part of its strategy to unlock its $24 trillion in untapped mineral wealth. Speaking in Cape Town in mid-February, Minister of Mines Louis Watum Kabamba highlighted the country’s $28 billion special economic zone program spanning the North East to South West, aimed at mining and processing iron ore into steel.

After many years of declining investment in exploration, we are dedicating funds to geological mapping and exploration to harness our critical mineral reserves

Earlier on, during African Mining Week (AMW) 2025, Kabamba highlighted the DRC’s iron ore potential in an exclusive interview with Energy Capital & Power. “We have 20 billion tons of iron ore – enough to supply steel for Africa. The continent must identify what is critical and prioritize it to drive regional growth,” he said.

African Projects Eye Domestic Markets

As iron ore production rises in Africa, many countries are integrating mining with broader industrial agenda. Guinea, for example, is leveraging its $20 billion Simandou iron ore project – the world’s largest untapped iron ore deposit – as the cornerstone of its Simandou 2040 strategy, a mining-sector-led economic diversification plan. The country aims to attract global investment not only into mining but across strategic sectors, channeling capital into 122 priority projects spanning infrastructure, health, education and agriculture.

Meanwhile, Liberia is on track to triple its iron ore output this year, fueling the expansion of its industrial sector. This growth is being driven by ongoing projects and capacity expansions from ArcelorMittal Liberia, Cavalla Resources, Westcrest, Zodiac, and Bao Chico. The country’s Minister of Mines Matenokay Tingban previously shared that the country expects to reach between 25 million and 30 million tons once all producers come online.

AMW 2026: Unlocking Investment and Industrial Potential

Ongoing developments highlight the strategic potential of Africa’s iron ore sector to drive mining growth, attract investment and fuel industrialization. With global demand for steel and iron rising, African nations are combining resource wealth with infrastructure development, local beneficiation and strategic financing to maximize value across the continent.

Stepping into this picture, the upcoming African Mining Week 2026 – scheduled for October 14–16 in Cape Town – will provide a premier platform to showcase these opportunities. The event will facilitate partnerships, deal signings and high-level discussions across the iron ore value chain, uniting governments, investors and private sector stakeholders to accelerate production, industrial growth and economic transformation across Africa.

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

OPEC Secretary General to Address Investors at Libya Energy & Economic Summit (LEES) 2027

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Etu Energias

OPEC Secretary General Al Ghais’ participation at LEES 2027 comes as Libya accelerates production, investment and energy infrastructure expansion

TRIPOLI, Libya, October 22, 2026/APO Group/ –OPEC Secretary General Haitham Al Ghais will speak at the Libya Energy & Economic Summit in Tripoli (January 23–25), underscoring the organization’s support for Libya’s next phase of energy growth.

Al Ghais’ participation comes as Libya accelerates efforts to raise production, attract international capital and modernize its upstream sector. The country’s National Oil Corporation (NOC) has laid out ambitious oil production targets in the near term and substantially higher output as investment flows into exploration and field development.

 




 
 

As a leading voice in the global oil community, his participation brings a global market perspective to a summit increasingly focused on execution. OPEC expects oil demand to remain robust, while Al Ghais has repeatedly stressed the need for timely investment to prevent future supply constraints and maintain reliable energy security.

Libya occupies a distinctive position within that outlook because of its substantial resource base and continued production growth. The country holds Africa’s largest proven crude reserves, while its light, sweet crude and proximity to European markets strengthen its strategic investment proposition.

The Ministry of Oil and Gas is driving the policy and diplomatic agenda underpinning this expansion. Under Minister Dr. Khalifa Abdulsadek, Libya is advancing regulatory reforms, international partnerships and investment frameworks designed to support production growth while supporting the country’s role in regional and global energy markets.

The NOC remains the commercial engine of that strategy, converting licensing opportunities into exploration, production and joint-venture activity. Chairman Masoud Suleiman is overseeing an investment drive spanning mature fields, new acreage, infrastructure and international partnerships.

LEES 2027 will provide a direct platform for that strategy to reach global investors. The fifth edition will bring together governments, national oil companies, international operators, financiers and energy service companies to examine upstream opportunities, gas development, infrastructure, power and renewable energy.

The summit has already established itself as a platform for major commercial engagement, with more than $20 billion in energy investments and deals associated with previous editions. With Secretary General Al Ghais joining the Ministry and NOC leadership, LEES 2027 will connect Libya’s investment agenda directly with the global oil market’s most influential institutional forum.

For more information about LEES 2027 visit www.LibyaSummit.com and to sponsor or secure your participation as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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African Energy Leaders Call for Action on South-South Oil and Gas Partnerships

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African Energy Chamber

At AEW 2026, industry representatives from Africa and the Caribbean say joint ventures, enforceable local-content rules and regional financing are needed to turn petroleum resources into domestic industrial growth

CAPE TOWN, South Africa, October 17, 2026/APO Group/ –African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ndapwilapo Selma Shimutwikeni, CEO, RichAfrica Consultancy, said partnerships could accelerate skills development.

“From a business perspective, we need to build partnerships that encourage joint ventures between experienced countries and emerging countries like Namibia,” she said. “We need to look beyond just oil production and actually look at the entire value chain.”

Building on Shimutwikeni’s remarks, Gilbert Yevi, Lead Consultant, Grenada Hydrocarbon Technical Working Group, called for partnerships that share risks and benefits rather than simply replace one source of financing with another.

We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits

“We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits,” he said.

Yevi also advocated regional training centers to pool expertise and help emerging producers access established industry capabilities.

Expanding on the topic of local content, Eric Williams, Principal Consultant and President, Royal Triangle Energy Solutions, said policies must be linked to a broader national development strategy, using petroleum resources to build domestic industries rather than focusing solely on exports.

“The Trinidad model is about using the molecules to develop the country,” he said, arguing that this vision should shape negotiations with upstream investors and the terms of petroleum contracts.

Omar Farouk Ibrahim, Regional Chair for Africa, World Energy Council, said national sovereignty concerns continued to limit practical regional cooperation, despite public commitments to collaboration.

“The first question they ask is: ‘Will the industry be in my territory?’ If it’s not, why should I? And for as long as we have this mentality, believe me, this cooperation and collaboration we’re talking about will just be theory,” he said.

Across the discussion, speakers emphasized that cooperation must translate into financing, enforceable commitments and local capabilities that endure beyond individual projects.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Energy

Algeria’s Hydrocarbons Minister Joins MSGBC 2026 as Sonatrach Eyes Senegal Partnerships

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Etu Energias

Algiers and Dakar are preparing an energy agreement as Sonatrach pursues partnerships across the MSGBC basin

DAKAR, Senegal, October 19, 2026/APO Group/ –Mohamed Arkab, Algeria’s Minister of State and Minister of Hydrocarbons, will join the speaker lineup at MSGBC Oil, Gas & Power 2026 in Dakar this December, bringing one of the continent’s most senior energy ministers to a forum focused on investment and regional cooperation. His confirmation serves as a bridge between one of Africa’s longest-standing oil and gas producers and one of its newest, paving the way for greater collaboration across upstream exploration, infrastructure and power.

 




  

Algerian cooperation with MSGBC nations has already gained momentum. Minister Arkab hosted Senegal’s Minister of Energy and Petroleum, Dr. El Hadji Abdourahmane Diouf, in Algiers on October 4. The two-day visit produced a cooperation agreement between Senegalese utility Senelec and Algeria’s Sonelgaz, while Petrosen and Sonatrach held discussions on a potential partnership spanning upstream exploration and infrastructure.

Senegal’s government has said the visit sets the stage for an intergovernmental agreement to be signed in Dakar during MSGBC Oil, Gas & Power 2026. The two national oil companies first signed a memorandum of understanding in 2022, and Minister Arkab discussed putting it into effect with Senegal’s Minister of Foreign Affairs Cheikh Niang in July.

The potential partnership comes as MSGBC countries look toward the next phase of upstream development following the start of production at Senegal’s Sangomar oil field and the cross-border Greater Tortue Ahmeyim (GTA) LNG project. Regional priorities are now shifting toward advancing the next generation of projects, including Senegal’s Yakaar-Teranga gas development and Mauritania’s BirAllah discovery, while attracting fresh exploration investment across the wider basin. Moving these opportunities toward development will require capital, technical expertise and partnerships with established producers – creating scope for deeper cooperation with countries such as Algeria and companies such as Sonatrach.

Minister Arkab’s participation at the upcoming conference also arrives as Algeria advances its own exploration strategy. The event convenes shortly after bidding closes for the Algeria Bid Round 2026, which the National Agency for the Valorization of Hydrocarbon Resources launched in April with seven exploration blocks on offer. Submissions are due November 26, and Sonatrach expects to finalize contracts with successful bidders by the end of January 2027. Exploration and production will absorb three-quarters of the $60 billion Sonatrach intends to spend between 2026 and 2030, as the company works toward lifting annual gas output to 200 billion cubic meters within five years.

With a bilateral agreement potentially headed for signature on the conference sidelines, Minister Arkab’s participation promises to be one of the defining moments of the 2026 edition and reinforces MSGBC Oil, Gas & Power’s standing as the region’s leading meeting point for governments and investors.

Organized by Energy Capital & Power and held under the High Patronage of Senegalese President Bassirou Diomaye Faye, MSGBC Oil, Gas & Power 2026 takes place December 1–3 in Dakar and will convene heads of state, ministers, investors, operators and development partners from Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry. Explore opportunities and secure your participation at www.MSGBCOilGasandPower.com.

 

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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