Namibia has been ranked third on the African continent for its investment potential in the mining and exploration sectors. The ranking appears in the 2012/2013 Fraser Institute's annual survey of mining companies, released last week. The institute is based in Vancouver, Canada.
Botswana is the "bright spot", ranked Africa's number one on the list of 16 African countries surveyed. The five top countries in Africa are Botswana, which ranks 17 globally, Morocco at 25 on the global ranking list, Namibia at 30 on global ranking list, Mauritania at 36 and Guinea at 54. There are 96 global rankings with Indonesia ranked as the worst place to do business in mining. The results are from a survey of 742 mineral exploration and development companies.
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