Zimbabwe Receives Invitation to Join International Energy Forum
11:09 13.11.2023 (Updated: 11:38 13.11.2023)
© Photo x.com / @ief_sgInternational Energy Forum (IEF) Secretary-General Joseph McMonigle meets with Zimbabwean President Emmerson Mnangagwa on Saturday, November 11, 2023, on the sidelines of the Saudi Arabia-Africa Summit in Riyadh, Saudi Arabia, to extend an invitation to the African country to join the IEF.
© Photo x.com / @ief_sg
With its abundant mineral resources, Zimbabwe is seen as having the potential to make a significant contribution to the world's quest for sustainable and renewable energy sources. Apart from lithium and iron, other major minerals found in Zimbabwe include gold, platinum group metals (PGMs), chromium, coal and diamonds.
Zimbabwe, a nation endowed with valuable mineral resources such as iron and lithium, has been officially invited to join the International Energy Forum (IEF), the world's largest gathering of nations involved in energy production and consumption.
Recognizing the southern African country's potential role in the global energy sector, IEF Secretary General Joseph McMonigle announced the invitation during a meeting with Zimbabwean President Emmerson Mnangagwa on the sidelines of the Saudi Arabia-Africa Summit in Riyadh, Saudi Arabia.
"Look forward to welcoming Zimbabwe as new IEF member country," the head of the IEF said in a statement.
During their discussions, McMonigle highlighted the country's critical minerals needed for steel production and the transition to cleaner energy sources, including its significant reserves of lithium.
With its substantial lithium reserves, Zimbabwe is projected to supply up to a quarter of the world's lithium needs as early as 2024. Zimbabwe's inclusion in the IEF would enable the country to contribute its perspectives to the decision-making process in the global energy market.
The IEF forum brings together a diverse group of stakeholders, including participating countries from the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC), as well as influential energy players such as Russia, South Africa, Brazil, China, India, and Mexico.
In addition to lithium, Zimbabwe has significant iron ore reserves and other important minerals such as gold and diamonds.
In an effort to position itself as Africa's leading steel producer, the country has embarked on a $1 billion project at the Manhize plant. This ambitious undertaking has attracted the attention of various stakeholders, including Saudi Arabia and other oil-rich countries.
Last week, while attending the Saudi-Africa Summit, Mnangagwa emphasized the government's commitment to welcoming investment in sectors such as agriculture and mining.