Page 36 - Bullion World Volume 5 Issue 05 May 2025

Bullion World | Volume 5 | Issue 05 | May 2025

Mining Indaba 2025:

Precious Metals Highlights

Held from February 2–6, 2025, at Cape Town, South Africa, Mining Indaba 2025 firmly
spotlighted the growing importance of precious metals—especially gold, platinum group
metals (PGMs), and silver—in the transition towards a greener, more resilient economy.
Here’s a full day-by-day breakdown:

Sunday, February 2, 2025 – Opening & Policy Vision • Barrick Gold CEO Mark Bristow set a strong tone
Theme: Positioning Africa at the Center of the in his keynote:
Precious Metals Economy { Reaffirmed Barrick’s long-term commitment to
• The Ministerial Symposium convened mining Africa.
ministers from over 20 African countries, with { Cited that five of Barrick’s gold mines
a special emphasis on building continental (including Loulo-Gounkoto in Mali and Kibali
cooperation in PGMs. in DRC) account for more than 33% of global
{ Platinum, palladium, and rhodium are critical gold output.
in global catalytic converters, fuel cells, and { Advocated for mining operations to become
emerging hydrogen economies. "development partners" for African nations, not
{ Africa holds more than 70% of the world’s just revenue generators.
platinum reserves, mainly in South Africa and • Early panel discussions emphasized the
Zimbabwe, yet exports raw materials without geopolitical risks to gold mining in West Africa
sufficient local processing. (particularly Mali and Burkina Faso) but underlined
{ Ministers called for joint beneficiation the high-grade resource base that still attracts
frameworks — aiming to process platinum investment.
locally into auto catalysts, hydrogen
electrolyzers, and industrial components.

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