Chinese control over African and global mining

How big is the importance and influence of Chinese mining companies on the world supply of metals? A recent report shows that Chinese companies are far from taking control over African or global mining. They control less than 7% of the value of total African mine production. Chinese investments in African mining of non-fuel minerals have contributed to production growth but it has also increased Chinese control over African mineral and metal production.

There is evidence pointing to a continued Chinese expansion in African minerals and metals but at a slower pace than in the past decade. Through a detailed analysis of every mine, fully or partially controlled by Chinese interest in Africa and all other parts of the world the paper also measures total Chinese control over global mine production to be around 3% of the total value.

To learn more about the topic, we have invited Olof Löf and Magnus Ericsson of RMG Consulting who will share their insights of the findings from their report having studied in detail the importance and influence of Chinese mining companies on the world supply of metals.

Olof Löf is a mining analyst and researcher since 2010 and has previously worked for the Raw Materials Group and SNL Metals & Mining in Stockholm, Sweden. Olof has worked with the Responsible Mining Foundation in their establishment of a Responsible Mining Index. In 2018 Olof conducted a study of the contribution of extractive industries in low- and middle income developing countries for United Nations University- World institute for development economics research. Olof is today an employee of RMG Consulting where he undertakes diverse tasks in mining consultancy. 

Magnus Ericsson, is a veteran observer and analyst of global mining, his work going back to the early 1970s. His recent focus is on the structure of global mining, the possibility of change in behaviour and perception of the industry and the role of China in global metal supply. In 1981 he co-founded the scientific publication Mineral Economics – Raw Materials Report and is still Editor-in -Chief. He is an adjunct professor at Luleå University of Technology and co-founder of RMG Consulting.

RMG Consulting is a global mineral economics and policy/strategy advisor. Over the years the RMG Consulting, and its predecessor Raw Materials Group, has established itself as a reputable and independent supplier of data and advice on the world’s mining industry. The experience of RMG Consulting dates back more than 30 years.

Where? Näringslivets Hus, Storgatan 19, Stockholm.
When? Thursday, May 30, 2024, at 11:45 – 13:30 CEST including lunch. Registration opens at 11:30.
Cost: SCTC Members SEK350 plus VAT. Non-Members SEK500 plus VAT. To be invoiced after the event.

A Warm Welcome!