{"id":135603,"date":"2025-02-03T22:23:34","date_gmt":"2025-02-03T22:23:34","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa"},"modified":"2025-02-10T22:33:22","modified_gmt":"2025-02-10T22:33:22","slug":"africas-largest-mining-summit-opens-in-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa","title":{"rendered":"Africa\u2019s largest mining summit opens in South Africa"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Africa\u2019s largest mining investment summit kicked off in South Africa\u2019s city of Cape Town on Monday to discuss the future of mining and investment opportunities on the continent.<\/p>\n

The four-day summit, themed \u201cFuture-proofing African Mining, today!\u201d has attracted dozens of ministers from around the world, mining experts, and investors among other professionals.<\/p>\n

South Africa\u2019s Mineral and Petroleum Resources Minister Gwede Mantashe, who represented President Cyril Ramaphosa, at the opening of the summit urged African countries to take advantage of the vast mineral wealth they have so as to develop amid the booming demand for industrially valuable minerals.<\/p>\n

Mantashe said despite Africa having the world\u2019s largest mineral reserves it remains poor.<\/p>\n

\u201cAfrica is the world\u2019s richest mining jurisdiction, possessing at least 90% of the world\u2019s chromium and platinum, 40% of the world\u2019s gold, and the largest reserves of the world\u2019s cobalt, vanadium, manganese and uranium,\u201d he said.<\/p>\n

Mantashe also said Africans must have a share in their country\u2019s mineral resources to avoid having a mineral-rich country with poor citizens.<\/p>\n

\u201cWe are inviting you to come and invest in South Africa, please make your money and if you make money you will employ our people and meet all obligations we set up for you,\u201d he said.<\/p>\n

Reacting to US President Donald Trump\u2019s threat to cut all funding to South Africa after President Cyril Ramaphosa last month signed the Expropriation Bill into law where state entities can expropriate land in the public interest for various purposes, Mantashe said: \u201cLet\u2019s mobilize Africa, let\u2019s withhold minerals to US. If they don\u2019t give us money, let\u2019s not give them minerals.\u201d<\/p>\n

He said in reality, the US takes Africa\u2019s minerals but says it is withdrawing funding. \u201cWe have minerals in the continent, therefore we have something that we have,\u201d he said, adding: \u201cWe are not just beggars.\u201d<\/p>\n

Trump on Sunday threatened that he was cutting future funding to South Africa over alleged land confiscation and mistreatment of “certain classes of people.”<\/p>\n

“South Africa is confiscating land, and treating certain classes of people VERY BADLY. It is a bad situation that the Radical Left Media doesn\u2019t want to so much as mention. A massive Human Rights VIOLATION, at a minimum, is happening for all to see,” he said on his Truth Social platform.<\/p>\n

South Africa’s president Cyril Ramaphosa on Monday rejected claims by Trump, saying Pretoria did \u201cnot confiscate\u201d any land.<\/p>\n

\u201cThe recently adopted Expropriation Act is not a confiscation instrument, but a constitutionally mandated legal process that ensures public access to land in an equitable and just manner as guided by the constitution,\u201d Ramaphosa said in a statement.<\/p>\n

\u201cThe South African government has not confiscated any land.\u201d<\/p>\n

For More News And Analysis About Kenya<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Africa\u2019s largest mining investment summit kicked off in South Africa\u2019s city of Cape Town on Monday to discuss the future of mining and investment opportunities on the continent. The four-day summit, themed \u201cFuture-proofing African Mining, today!\u201d has attracted dozens of ministers from around the world, mining experts, and investors among other professionals. […]<\/p>\n","protected":false},"author":84,"featured_media":135602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[11709,544,10866,686,14078,3106],"class_list":["post-135603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-investing-in-africa-mining-indaba","tag-kenya","tag-president-cyril-ramaphosa","tag-south-africa","tag-south-africas-minister-of-mineral-and-petroleum-resources-gwede-mantashe","tag-us-president-donald-trump"],"yoast_head":"\nAfrica\u2019s largest mining summit opens in South Africa - kenya<\/title>\n<meta name=\"description\" content=\"Africa\u2019s largest mining investment summit kicked off in South Africa\u2019s city of Cape Town on Monday to discuss the future ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa\u2019s largest mining summit opens in South Africa\" \/>\n<meta property=\"og:description\" content=\"Africa\u2019s largest mining investment summit kicked off in South Africa\u2019s city of Cape Town on Monday to discuss the future ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-03T22:23:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-10T22:33:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/02\/sm_1738609974.260418.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa\u2019s largest mining summit opens in South Africa\",\"datePublished\":\"2025-02-03T22:23:34+00:00\",\"dateModified\":\"2025-02-10T22:33:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\"},\"wordCount\":476,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/02\/sm_1738609974.260418.jpg\",\"keywords\":[\"Investing in Africa Mining Indaba\",\"Kenya\",\"President Cyril Ramaphosa\",\"South Africa\",\"South Africa\u2019s Minister of Mineral and Petroleum Resources Gwede Mantashe\",\"US President Donald Trump\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/africas-largest-mining-summit-opens-in-south-africa\",\"name\":\"Africa\u2019s largest mining summit opens in South Africa - 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