Political risk, poor infrastructure and lack of geodata stymying African exploration

Miningweekly.com reports that the decline of commodity prices by almost 40% since the collapse of the commodity supercycle towards the end of 2011 has resulted in a decline in exploration expenditure from some $6.2-billion in 2012 to just $2.2-billion last year. While exploration activities have been curtailed on a global scale, the jurisdiction that has been most profoundly impacted on by this trend over the last few years is sub-Saharan Africa, according to the latest figures released by SNL Metals & Mining, which indicate that nonferrous exploration spend in Africa declined from $3-billion in 2012 to $1.7-billion in 2014.