Creamer Media Login

More countries look to Africa despite uncertainty

11th February 2015

Creamer Media Senior Deputy Editor

Font size: - +

JOHANNESBURG (miningweekly.com) – The diverse turnout of delegates at this year’s Investing in African Mining Indaba, held in Cape Town this week, was an indication of the appetite for mining in Africa from increasingly more investors across the globe.

Mining Indaba group marketing director Maria Palombini told Mining Weekly Online that this year’s conference had attracted more than 7 000 delegates from 106 countries – 40 of which had not been represented at the event in the prior two years.

Interest in Africa was starting to diversify, she said, as countries other than those already vested, such as China, India and the US, eyed a stake in the continent’s mostly untapped resources.

There was an uptick in interest, in particular, from Asian countries other than China and South American countries such as Venezuela.

Further, Palombini pointed out there was a 5% rise in the number of European investors descending on the Indaba this year – the highest increase in five years.

Meanwhile, investors were leaving more optimistic of Africa’s ability to leverage a future commodity boom, particularly as African economies have, for the most part, become increasingly stable and have shown more consistent and predictable growth.

International investors were more comfortable with investing in the continent; however, they were awaiting more certainty regarding regulatory frameworks and partnerships between government and private sector.

Delegates walked away feeling more confident of establishing a footprint in Africa as many of those uncertainties were dealt with or the countries showed a willingness to work towards a resolution.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

Click Here

MAGAZINE & ONLINE

➕

RESEARCH CHANNEL AFRICA

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕