Japan targets strategic transport corridor in Africa to secure minerals
The Japanese Government is looking to strengthen critical mineral supply chains from Malawi, Zambia and Mozambique.
They have committed US$7bln in development funding targeting the Nacala Corridor infrastructure.
US$5.5bln comes through joint programme with the African Development Bank, plus US$1.5bln in public-private impact investment through Japan's development agency.
The initiative focuses on capacity expansion, refurbishment and resilience upgrades to increase throughput, enhance reliability and reduce bottlenecks.
This positions Sovereign Metals Limited's Kasiya Project as a key beneficiary of Japan's mineral security strategy.
Nacala Corridor is Kasiya’s preferred transport route - providing lowest-cost pathway from Kasiya to international markets via a deep-water port.
Sovereign discovered Kasiya in 2019 after identifying the potential of a new rutile province in Malawi. Today, Kasiya is the world’s largest known natural rutile deposit and second largest known flake graphite deposit.
The 9th Tokyo International Conference on African Development was held in Yokohama, Japan, bringing together African leaders and international partners to discuss development cooperation.
In his keynote address at the conference, the Japanese Prime Minister announced, 'We will launch a new region-wide co-creation for common agenda initiative that promotes logistics in the Nacala Corridor, which contributes to strengthening mineral resource supply.'
For more like this
