Mining Challenges in West Africa
Director of our South Africa office Lovelyn Bassey was interviewed this week by the publication Mining Weekly.
In the article, “West Africa fraught with challenges in tough mining times”, Lovelyn stated:
“the mining industry is of strategic importance to Africa, as minerals contribute greatly to African countries’ gross national product, employment and foreign investments from mineral exports. Of the 54 countries in Africa, 24 rely on relatively few mineral products to generate more than 75% of their export earnings,”
The article examines the challenges faced by mining firms in West Africa in 2016. “The most important concern for any investor is predictability and stability. Mining companies need to be aware and plan ahead to have a clear exit strategy, if need be. It is imperative to look out for and identify threats and potential risks, and plan accordingly,” Lovelyn said.