In about five years, the Group of Seven (G7) countries aim to have completed what is arguably a response to China’s Belt and Road Initiative (BRI) investments in Africa.
The G7’s flagship in Africa is the Partnership for Global Infrastructure and Investment (PGI) project, the Lobito Corridor.
The feasibility study for the project is expected to start by year-end, but construction should be done within the next five years, said the acting special co-ordinator for the Partnership on Global Infrastructure Investment, Helaina Matza.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.