Mining in the spotlight too
Minds have been refocused on sub-Saharan Africa’s (SSA) mining and metals sector since oil prices began their downward climb in June 2014. Only 18 months before, the region’s mining industry had come under heavy spotlight after a series of labour disputes, and worker strikes in South Africa’s mines. Meanwhile, iron-ore, gold and copper prices have been depressed, raising concerns over export revenues for a number of African mineral producers. Should growth in China, which consumes almost 50% of global metal supplies, stagnate, then Africa’s mining sector could be in for a protracted depression.
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Rolake Akinkugbe
Head, Energy and Natural Resources
