Wanted: 30 million dollars
Commodities are needed. This sentence is practically always true. However, it became particularly apparent to Germany during the Russian invasion of Ukraine. Because Russia ceased to be a supplier of raw materials, Germany had to look for new raw material partners. After a long period of political silence, South Africa is now knocking on the door.
In addition to the platinum metals required for the production of green hydrogen, the country also has mines that extract rare earths. Noble Elements is planning a visit in February to reopen a mining project that was shut down some time ago. Not an easy undertaking, as China could also show interest in the mine. The Middle Kingdom would benefit from the fact that it has had its foot in the door in South Africa for some time.
While Germany rested on the supposed security of Russian gas deliveries, China built up South Africa’s infrastructure with numerous projects. The country is increasingly becoming part of the Chinese Silk Road. For the German government, it is high time to further develop economic relations and thus stand up to China.
The latest threats from China also provide a reason for greater independence in raw material supply. Ambassador Wu Ken threatened that there would be consequences if German politicians visited Taiwan, which China considers a renegade country. In the past, China had already stopped the supply of important commodities such as rare earths at short notice in order to enforce its political will.
There are already 600–800 German companies located in South Africa. These enjoy a good reputation in South Africa. To increase this number and to generally improve economic relations with the country, Federal Economics Minister Robert Habeck plans to create new incentives with credit guarantees. This project is not yet ready for announcement. To ensure that not too much time passes until then, we are urgently looking for investors!
To put the new mine into operation, we need 30 million dollars. That is no small feat. However, an investment in the project is definitely promising. A stake in this mine can ensure the security of supply of important raw materials for German companies. And because we are just at the beginning of the current raw materials boom, investors can expect the possibility of high profits.
Important: This is a call to all companies that use rare earths for their production and want to diversify their supply chains. Join us in examining whether a stake in a South African mine could be worthwhile.