PUBLICATION
Global Business Reports
THE OFFICIAL MINING IN AFRICA COUNTRY INVESTMENT GUIDE (MACIG) 2016
February 05, 2016
Despite all the global headwinds and local challenges, some African mining jurisdictions are growing and are creating more opportunities in which to attract investment. Companies are generally retrenching, but are taking cost-saving steps and implementing greater efficiency in the process. The power sector has long been a hurdle for mining on the continent, but there are potentially some encouraging initiatives underway, and the discovering of new oil and natural gas fields bring greater optimism about the continent’s ability to address these issues. Finally, an upswing in global commodity prices could well occur in the second half of 2016, and Africa’s mining industries will be well positioned to grow in such a case.
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MACIG
"We expanded our business in West Africa and built our largest mine to date at a time when the markets were risk averse. Being counter-cyclical takes both discipline and guts, but it pays off and we are now reaping the benefits."
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