Africa is forecast to become a major mining producing region with increased investment from international companies
Analyzing the Mining Industry in Africa - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 09:47:02
The African continent has one of the largest mineral industries in the world. However, most of this is either under developed or in the initial stages of developments. For many African nations, their metals and mining industry remains the backbone of their economies and is key to the economic growth. Some of the largest mineral reserves in Africa include bauxite, cobalt, diamonds, platinum group metals, gold, iron ore, copper, etc. Due to lack of investment and various safety issues, the mining industry in Africa remained under developed for many years.
However, recent years have seen a flurry of activity from many multinational mining companies that are interested in developing the mining industry in Africa. Companies have started investing heavily in the development of the African mining industry and it is forecast that the coming years will likely witness the emergence of Africa as a major player in the global mining industry.
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