subject: Aspects Of The African Gold Mining Sector [print this page] In order for Africa to have a sustainable and profitable gold mining industry there would have to be a committed partnership between the mining companies, the investors and the governments of that country. Many investors and also, the host countries have been profoundly disappointed by the fact that marginal assets have been over promoted. Meanwhile, West and Central Africa are regions that are developing at a good pace and have real potential for further world-class gold discoveries.
Specialists say that African gold mining in no more risky than in other emerging regions. In the last years, the continent has made serious progress when it comes to capacity and infrastructure.
The governments should also provide the necessary environment for supporting the mining development. Even the experts that have suggested this are aware of the fact that it will be complex, lengthy and integrated process but they believe that Africa has what it takes to successfully become an important landmark on the map of mining.
The companies that have a future in Africa are those that have a growth strategy and a long term commitment. These companies are the ones that have a vision that reaches all the way to post-mining rehabilitation and are not focused on the next quarter results. Due to the exploitation history, Africa needs companies that work together, governments that help and support the companies and so on. This type of partnership is bound to bring the much needed contribution to the welfare of these countries but also it will generate sustainability to the African mining industry.
Gold is a precious metal that has increased in popularity over the last year. The fact that it is reliable and that its price doesn't fluctuate so much on the stock exchange makes it a safe investment. The yellow metal has proved to be profitable and now it is even more so because of the financial times we live in.
by: Kathryn Smith
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