New York, February 2015 – New research that was shared at the Sustainable Development Session at the 2015 Investing in African Mining Indaba 2015 in Cape Town, South Africa, indicates the contribution of mineral exports to national economies in Africa rates as some of the highest in the world.
A special African focussed review of ‘The role of mining in national economies’ (2nd Edition) from the International Council on Mining and Metals (ICMM) provides a comprehensive picture of how important mining is to economies. The study shows that Africa represents half of the top 20 countries globally with the highest mineral export contributions. Critically, the report demonstrates the significance of mining within each national economy rather than the traditional approach to understanding the economic importance of mining that has been to focus on the percentage that any single country accounts for in total world mining production. From that perspective, the five BRICS countries currently have the biggest share of world production value.
Source: Mining Indaba