15 May 2012

Africa: New Mining Frontiers in West and Central Africa

TradeInvestAfrica is proud to be associated with the 5th West & Central Africa Mining Summit 2012 through a media partnership with Singapore-based conference organiser, Magenta Global.

The Summit, which underscores the strong interest in mining potential of West and Central Africa, will gather stakeholders in Africa's mining industry in Accra, Ghana from 11 to 12 September, 2012.

Growth in Africa's mining industry will continue, driven by increasing demand especially from China. 107 mines are currently operating in West Africa, compared to Eastern Africa's 69, Southern Africa's 49 and Western Africa's 39.

The 5th West & Central Africa Mining Summit will explore the investment opportunities in West Africa's mining industry, with new specific focus on Mali, Mauritania, Gabon, Congo and Cameroon. The summit will also feature sessions on specific commodities such as copper, gold, iron, nickel and platinum, and discussions on raising capital and partnerships for exploration and expansion.

Says the CEO of Magenta Global, Maggie Tan: "This Summit puts the spotlight on the tremendous potential of West and Central Africa mining economies, and will facilitate the exchange of fresh information, experience and knowledge towards achieving the objectives of delivering sustainable mining projects. More importantly, the networking and partnership momentum will be an invaluable experience."

What is attracting investors to West and central Africa?

  • Burkina Faso has attracted 17 mining operators, most of them focused on gold resources
  • Ghana is the 2nd largest producer of gold in sub-Saharan Africa, and is the latest African commodity producer to revise taxes and royalties
  • Niger's minerals portfolio comprises some of the world's most prized minerals (gold, uranium)
  • Sierra Leone is still under-explored despite the "richness" in minerals, including gold, diamonds, quartz and uranium
  • Nigeria is back on the mining map with current exploration results indicating over a trillion tons of coal and rare earth metals such as lanthanum, cerium, neodymin and yttrium, and oil sands
  • Gabon manganese production is expected to reach 5.1 million tons in 2012, compared to 2 million tons in 2009
  • Liberia has significant iron ore deposits.

Summit participants

  • Government officials
  • Business executives from 30 countries
  • 60 exhibiting companies

The Ghana Ministry of Lands and Natural Resources, the Ghana Minerals Commission, and the Ghana Chamber of Mines have endorsed the Summit.

Media Contact:

Jose Carpio

Marketing Manager

DID: +65 6392 2555

Main: +65 6392 2552

Email: jose@magenta-global.com.sg

Copyright © 2012 TradeInvest Africa. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.