CA Mining reports that things appear to be looking up for the African mining sector, which has been slowly reclaiming its former glory. Largely a result of a shift in focus, as companies are looking at more cost effective ways to encourage mining growth, and emphasize mechanism and automation of mining operations in hopes that it will better withstand future price volatility. In addition, a focus on localizing the mining sector holds promise of improving the sectors stability.
Graphite is China’s latest mineral obsession. Iron Ore and Platinum are the other two commodities supporting the African mining sector. As such, despite concerns, it is important to remember the sustainable promise that comes with mining. “The mining industry works on a long-term basis, and therefore there is a long-term future for it”, says Andries Rossouw, mining assurance partner and project leader, PwC.
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