CA Miningreports thatthings appear to be looking up for the African mining sector, which hasbeen 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 onlocalizing the mining sectorholds promise of improving the sectors stability.
Graphite isChina’s latest mineral obsession.Iron OreandPlatinumare 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”,saysAndries Rossouw, mining assurance partner and project leader,PwC.