
Resource-rich Africa lures investors
Resolute Mining announced plans to construct $US95million underground gold mine at its Syama mine in June. Image: Hugh Brown. By Elizabeth Fabri HOME to some of the world’s largest untouched resources, Africa is treasure trove for foreign investment with Australia leading the chase as the region’s largest contributor. As more projects enter production, opportunities for ASX-listed miners and contractors are only expected to grow. Africa’s resource wealth is no secret; the continent produces more than 60 metal and mineral products, from high-grade gold to diamonds, platinum, bauxite, manganese, iron ore and copper. However, for many years concerns around regional stability prevented overseas companies from taking that much-needed ‘leap of faith’.. In the early 1990s Africa still only received five per…