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Ghana’s Mining in Motion Summit Gains Support From Key Leaders

Location: News
Energy Capital & Power

Otumfuo Osei Tutu II, King of the Ashanti Kingdom; Hon. Emmanuel Armah Kofi Buah, Minister of Lands and Natural Resources of Ghana; and Oheneba Kwaku Duah, the son of Otumfuo Osei Tutu II and Managing Director of the Ashanti Green Initiative recently met to discuss the upcoming Mining in Motion Summit in Ghana.

They explored the summit's potential to improve the artisanal and small-scale gold mining (ASGM) sector in Ghana and the role of government, international partners and major mining firms in accelerating the sector's growth. Hon. Kofi Buah endorsed the event, emphasizing its significance in connecting small-scale miners with technology providers, financiers, regulatory bodies and global industry stakeholders to improve their operations and impact.

Organized by the Ashanti Green Initiative along with the World Bank, the World Gold Council and other international partners, Mining in Motion will take place from June 2 - 4 in Accra.

The summit is held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, uniting key decision-makers, including H.E. John Dramani Mahama, President of the Republic of Ghana, as well as representatives from public and private sector mining institutions from South Africa, the Republic of Guinea, the African Union, ECOWAS and the United Nations.

The three-day event will highlight the role of traditional authorities in shaping artisanal and small-scale mining practices, emphasizing the sector's contribution to employment and economic growth. In 2024 alone, Ghana's artisanal miners generated $5 billion in foreign exchange earnings through gold exports. Providing direct employment for over one million Ghanaians and accounting for 35% of domestic gold output, the sector has the potential to significantly shape socioeconomic development in the west African country.

As Ghana's mining sector increasingly supports sustainable development, the Mining in Motion Summit will highlight best practices for integrating ASGM into the global financial system. Representatives from prominent international financing organizations will share their insights.

In a significant move to boost earnings for small-scale miners, Ghana has announced plans to establish a Gold Board. This new entity will simplify the process of purchasing gold from small-scale miners, providing them with easier access to global markets. With Samuel Adu Gyamfi, who was appointed Acting Managing Director of Precious Minerals Marketing Company last month and tasked with setting up the Ghana Gold Board, playing a pivotal role in shaping the summit, Mining in Motion is set to have a sizable impact on the growth of Ghana's gold sector.

Through a series of high-level panel discussions, deal signings, project showcases and exclusive networking, Mining in Motion serves as the ideal platform to connect Ghanaian miners with regional counterparts and global investors for forge industry-changing partnerships.

Stay informed about the latest advancements, network with industry leaders and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting https://MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact sales@energycapitalpower.com.

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

About Ashanti Green Initiative:
The Ashanti Green Initiative is a foundation dedicated to promoting environmental restoration, advocating for climate-related issues, and fostering community development in Ghana and beyond. Guided by a commitment to sustainability, the foundation undertakes projects aimed at rehabilitating degraded lands, restoring water bodies, and promoting responsible natural resource management. The initiative also champions regenerative practices in mining, agriculture, and energy, aligning with global efforts to combat climate change while uplifting local communities through education, capacity-building, and economic empowerment programs. The Ashanti Green Initiative is led by Nana Kwaku Duah, son of His Majesty Otumfuo Osei Tutu II, King of the Ashanti Kingdom. Under his leadership, the foundation applies forward-thinking approaches and innovative solutions, creating impactful partnerships with local and international stakeholders to drive meaningful change.

About Energy Capital & Power:
Energy Capital & Power is an Africa-focused global leading investment platform for the energy and mining sectors. Through a series of events, online content and investment reports, we unite the entire energy and mining value chains – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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LG CEO And Key Executives Share Location To Achieve ‘Future Vision 2030’ Goal

Location: MyPR

Company Outlines Direction and “Break Through Limits” Management Policy During Press Conference in Las Vegas LG Electronics’ (LG) CEO William Cho and key company executives introduced the strategies LG is implementing to achieve its ‘Future Vision 2030’ goal, during a press conference held for Korean media in Las Vegas, Nevada, U.S.A., on January 10. The …

Read moreLG CEO And Key Executives Share Location To Achieve ‘Future Vision 2030’ Goal

Ruby Digital Takes Action Against Emerging Cybercrime Threats

Location: MyPR

Ruby Digital, a leading South African digital marketing company, is actively addressing a concerning rise in cybercrime targeting individuals globally. As a reputable and multiple-award winning agency, Ruby Digital is committed to maintaining a safe digital environment for its community and beyond. Established with years of experience in digital marketing, Ruby Digital has consistently assisted …

Read moreRuby Digital Takes Action Against Emerging Cybercrime Threats

Harnessing the Power of Coal in Africa: Balancing Development and Environmental Concerns at African Energy Week (AEW) 2023

Location: News
African Energy Chamber

On the third day of the African Energy Week (AEW) 2023 conference & exhibition, a thought-provoking session entitles King Coal is Back - Africa's Future Clean Coal Industry shed light on the critical role of coal in Africa's energy landscape.

The session commenced with a keynote address by Dr. Zwanani Titus Mathe, CEO of the South African National Energy Development Institute (SANEDI). Dr. Mathe emphasized that coal would continue to be a part of South Africa's energy mix, driven by the unique regional energy requirements. He also suggested the potential for collaboration with China and India and highlighted several clean coal solutions, including gasification and green ammonia.

Furthermore, Dr. Mathe echoed the sentiments expressed by South African Minister of Mineral Resources and Energy Gwede Mantashe during his address at the opening session of AEW 2023 Strategic Program. Both emphasized that "energy security and climate change are interconnected aspects of the same challenge," reinforcing the notion that coal will continue to be a part of the energy equation.

Following Dr. Mathe's keynote, Dr. Lars Schernikau, an energy economist and strategic advisor at the independent commodities marketing company, HMS Bergbau AG, took the stage as the session's moderator. Panelists included; Dr. Zwanani Titus Mathe, CEO of SANEDI; Lemogang Pitsoe, CEO of African Exploration Mining and Finance Corporation; Mpumelelo Mkhabela, Chairman & Director of Menar; and Dan Mashigo, General Manager of Primary Energy at Eskom.

The panelists and moderators initiated an in-depth dialogue about the lasting importance of coal in the energy mix and the imperative of achieving a Just Energy Transition. Schernikau began the conversation by underscoring the pivotal role coal continues to play in Africa's energy context. "Despite the increasing worldwide emphasis on renewable energy, coal remains indispensable, particularly in regions experiencing rapid population growth," said the moderator. According to projections, the population of Africa will reach 8 billion by the end of the century, which would cause a concurrent rise in energy demand.

Mathe expanded on his opening presentation, reminding the importance of investing in clean coal technologies alongside the promotion of renewable energy sources. He emphasized that a holistic approach is necessary to balance the transition and ensure that all energy sources are leveraged effectively. “While renewable energy is a key component of the transition to cleaner energy, it's equally vital to consider and invest in clean coal technologies. These technologies can help maintain energy security while addressing environmental concerns,” said Mathe.

Mashigo echoed the significance of a diverse energy mix: “We need a comprehensive, integrated approach in South Africa, particularly when working towards a net-zero transition.” Mashigo pointed out that coal is a part of this mix and, when managed effectively alongside renewable sources, can play a crucial role in achieving a cleaner energy future.

Pitsoe discussed the importance of investing in research and development to create cleaner coal technologies. “Investing in research and development is essential to ensure the responsible use of coal while minimizing its environmental impact. “There is a growing need in Africa for advancements in clean coal technology and the exploration of innovative solutions for producing cleaner energy.”

Mkhabela pointed out that a lack of green technology and competition for national interests can pose significant challenges. “The key to successful and sustainable progress lies in reviewing agreements and understanding the terms and conditions of deals,” stressed Mkhabela. “By prioritizing energy security for the 6 million people still without access, African nations can make informed decisions and work toward a balanced transition that addresses both energy needs and environmental concerns,” he said.

Mkhabela concluded the session emphasizing the significance of investing in clean coal technology in South Africa: “We have some of the best research teams in the world here in South Africa and we are making progress towards carbon capture solutions.”

Organized in partnership with the African Energy Chamber, AEW 2023 is taking place from October 16-20 in Cape Town.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa's premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

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