Africa is central to mining investment. The continent enjoys an unrivalled wealth of mineral resources and investment opportunities. In response to the increasing demand for in-depth, mining-related information on Africa, Roskill is launching the Africa Mining Report (AMR) series. These 50-page reports – one for each African country – will provide unique intelligence on the African mining industry, taking into consideration every factor impacting the sector.
Africa contains an estimated 30% of global mineral resources, including bauxite, cobalt, copper, chromite, gold, graphite, iron ore, manganese, nickel, phosphate, platinum-group metals (PGMs), potash, rare earth elements (REEs), and zircon – in addition to oil, gas, coal and diamonds. Natural resources have accounted for about 35% of Africa’s growth since 2000. Nonetheless, international investors and mining companies remain cautious, owing to Africa’s never-ending challenges: a lack of infrastructure, power, and education; political instability and corruption; complex mining codes and regulations; and health issues.
Africa’s long-term potential is increasingly in the spotlight. It is the world’s second-largest and second-most-populous continent after Asia, and the fastest growing part of the world – home to ten of the world’s fifteen fastest growing economies. By 2050, Africa will be home to 20% of the world’s population and its workforce continues to increase and upskill. The continent’s economy is projected to strengthen by 4.5% in 2015 and 5.0% in 2016 after relatively subdued growth in 2013 and 2014.
It is no wonder that Africa continues to attract considerable foreign direct investment (FDI) inflows, with most greenfield FDI activity related to natural resources. China and India, in particular, have shown a growing appetite for African mineral resources.
Natural resources are still the mainstay of FDI flows to Africa and it is essential for investors, the mining community and governmental organisations to have a comprehensive understanding of the opportunities and challenges facing the extractive sector. Roskill’s AMR’s provide this information in detailed, up-to-date, country-focussed reports. Each report contains the following chapters:
- Country introduction
- Mining landscape (geology, production, projects and exploration)
- Population (health and workforce)
- Mining law and taxation
- Political landscape
- Insights from the field
- Country outlook