A US$1 billion investment deal has been reached between Q Global Commodities (QGC), a South African fund, and F9 Capital Management, an Abu Dhabi-based fund. This agreement aims to support the production of minerals essential to the energy transition in southern and eastern Africa.
The funds raised will mainly be used for the exploitation of lithium, copper and nickel deposits. This initiative is part of a desire to meet the growing needs for minerals linked to the transition to more sustainable energy sources. By investing in these mineral resources, QGC and F9 Capital Management contribute to the promotion of renewable energies and the development of infrastructure for electric vehicles.
As part of this agreement, an energy transition fund will be created and managed by F9, which will hold 30% of the chosen assets. This approach will allow investment not only in mining, but also in processing plants and the supply chain, ensuring good resource management throughout the production process.
Quinton Van der Burgh, South African investor and owner of QGC, emphasizes that this diversification towards minerals essential to the energy transition is the result of several years of reflection and investments. Indeed, QGC has already invested in projects related to nickel, copper and lithium, notably by acquiring stakes in mining companies in South Africa and Tanzania.
This partnership between QGC and F9 Capital Management demonstrates their shared commitment to a sustainable energy transition. By investing in key clean energy resources, they contribute to the future of the energy industry and actively support the fight against climate change.
As demand for essential minerals for the energy transition continues to rise, such investments are crucial to ensure the sustainable supply of these resources and drive a greener energy future.
This agreement between QGC and F9 Capital Management therefore marks an important milestone in the development of the mining industry in Southern and Eastern Africa, providing the resources needed for the energy transition and supporting the region’s economic growth.
Sources:
– [Article 1 link](https://fatshimetrie.org/blog/2023/10/23/tommy-tambwe-ushindi-quitte-ses-entreprises-un-nouveau-depart-pour-le-p-ddrcs-en -Democratic Republic of Congo/)
– [Link article 2](https://fatshimetrie.org/blog/2023/10/23/ascension-meurtriere-au-proche-orient-inverse-sur-les-evenements-qui-ont-plonge-la-region -in-the-war/)
– [Link article 3](https://fatshimetrie.org/blog/2023/10/23/denise-nyakeru-tshisekedi-la-premiere-dame-engagee-pour-un-rd-congo-equitable-et-prospere /)
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– [Link article 5](https://fatshimetrie.org/blog/2023/10/23/kin-spér-le-projet-qui-redonne-de-lspér-aux-habitants-de-kinshasa-face-aux -erosion-and-traffic jams/)
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– [Link article 7](https://fatshimetrie.org/blog/2023/10/23/les-motards-vengeurs-quand-la-violence-sembrase-sur-les-routes/)
– [Link article 8](https://fatshimetrie.org/blog/2023/10/23/lhomme-cle-pour-securiser-les-elections-en-rdc-peter-kazadi-le-garant-de-la -democracy/)
– [Link article 9](https://fatshimetrie.org/blog/2023/10/23/lafrique-du-sud-cree-la-surprise-et-se-qualifie-pour-la-finale-de-la -rugby-world-cup-by-defeating-england-in-an-epic-semi-final/)
– [Link article 10](https://fatshimetrie.org/blog/2023/10/23/revelations-sur-lequipe-de-campagne-du-president-felix-tshisekedi-une-structure-solide-pour-garantir -victory-in-the-December-2023-elections-in-DRC/)