African mining: : Investing against the odds?

• Autores: Laura Syrett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 580, 2016 (Ejemplar dedicado a: Febrero)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "Unfortunately, the mining sector in South Africa has a reputation for the unfair distribution of wealth and the marginalisation of workers and the surrounding communities," a recent report by UK-based risk management agency, EOS Risk, stated. "Lack of employment opportunities for the local youth population, desperate living conditions and growing inequalities contribute to social unrest and episodes of brutal violence," it observed.

    [subscript]Power infrastructure is failing to keep pace with Africa's economic growth and high energy costs coupled with unreliable supply are among the factors mining companies have to consider when deciding whether to invest in African projects. [subscript]SOURCE: US EIA (2012): International Energy Statistics: Total Electricity Net Generation (reproduced in the Africa Progress Panel's "Africa Progress Report 2015").

    "Africa is a vast continent and like almost every other, it has challenges," said Mining Indaba's [Jonathan Moore]. "It is, however, extremely resilient and forward looking. This, coupled with its mineral wealth, continue to make it attractive for investors," he said - a point seconded by [Chris Hinde].