The Industrial Development Corporation of South Africa is keen to invest in mining projects in the DRC, in particular copper, cobalt, and zinc mining including related infrastructure. Interview with Mazwi Tunyiswa, the SBU Head (Basic metals and mining) at the Industrial Development Corporation (IDC ...
African Mining. African mining is one of the world's most sought after business opportunities, attracting investors on a global scale. Not only does the sheer amount of African mining projects attract investors, but the prospects of the continent's gold, platinum, uranium, coal, copper, iron ore and diamond deposits make Africa the world's mining hub.
Khoemacau Copper Mining (Pty) Ltd Activities at the Khoemacau Project have now successfully completed the 70,000 metres infill drilling programme at the North East Fold and Zone 5. To date, work on the project is positive and our efforts continue in earnest with the multiple studies required meeting expectations.
They are the leaders in direct fixed investment in the industry, having ploughed a collective $12.4 billion into new mining projects between 2000 and 2014. Barrick Lumwana, FQM Kansanshi, Mopani and KCM are a barometer for the state of health of the mining industry – and by extension, of the Zambian economy.
Africa is rich in minerals. It has a third of the mineral reserves in the world and two-thirds of the global deposits of diamond. Trade in gold, oil, diamonds, copper and other minerals is a key pillar of many African economies. Leading mining and exploration companies in the world have undertaken big projects across the continent.
Zambia's Sentinel copper mine, Africa's biggest, a project worth 20% of nation's GDP LONDON — Zambia generates 60% of its export earnings from copper. In that context, Sentinel, which when completed in two years' time will be the biggest copper mine in Africa, is a rather big deal for the country.
The Federal Democratic Republic of Ethiopia is located in northeast Africa, in the region termed the Horn of Africa. Ethiopia has steadily improved in economic development since 2002. New mining regulations were issued in 1993 with the purpose of promoting the exploration and development of Ethiopia's natural resources.
African Copper is developing its first copper project – the Mowana mine – at the Dukwe project in north-east Botswana, and anticipates production in the second quarter of 2008. The Mowana mine offers African Copper near-term production from an open pit, with the potential for future underground expansion.
Copper is one of the world's most important industrial minerals, and Africa is an important world producer. While output is traditionally dominated by Zambia, South Africa and Katanga Province in the south of the Democratic Republic of the Congo, many African nations contribute to copper production, and many African nations have undeveloped ore resources.
Mining is one of Africa's major export industries, with global affairs and evolving market conditions shaping the industry landscape. While Africa initially gained a reputation for its gold and diamond resources, the African mining industry is now also being recognised for its copper, cobalt, manganese and platinum group metals resources.