Minerals run the world, and there wouldn’t be any global economy without them.
If you're looking to invest or start a business in mining and minerals, this detailed guide explores over 30 of the most lucrative opportunities Africa has to offer.
Minerals comprise a vast array of economically valuable materials such as metals, non-metals, rocks, and hydrocarbons (solid and liquid) that are mined from the earth.
They have very wide applications in almost every industry you can imagine. Minerals play key roles in major sectors that drive the economy, from energy, transport, chemicals, and agriculture, to manufacturing, pharmaceuticals, and technology.
Every year, minerals generate up to $7.3 trillion for the world’s economy. Of this huge market, Africa’s mineral production contributes only about 5.5% or $406 billion (2021).
This massive gap between Africa’s current mineral output and its true potential presents a major business and investment opportunity over the next 30 years.
Africa’s mineral potential is phenomenal. According to the United Nations, Africa holds about 30% of the world’s mineral reserves. The continent has 40% of the world’s gold, up to 90% of global chromium and platinum deposits, and some of the largest reserves of cobalt, diamonds, and uranium on earth.
