Industry News II

Spotlight on West and Central Africa mining sector

August 7, 2012 No Comments »

A summit to focus on the mining sector in West and Central Africa will tackle the challenges and opportunities the industry faces and convene in Ghana from September 11-12.

At the top of the agenda will be the growth drivers for investment particularly China’s demand for mineral resources as well as the new sources of institutional capital for mining companies and funding options for new discoveries.

The event will take place at the Acrra International Conference Centre and heading the line-up of distinguished speakers is Mike Hammah, Ghana’s Minister of Lands and Natural Resources.

Magenta Global Pte Ltd (Singapore) is the conference organising company. CEO Maggie Tan said: “This summit puts the spotlight on the tremendous potential of west and central African mining economies.

“Investments here will play a huge role in generating revenue, employment and sustainable economic and social development.

“The summit will be a one-stop information platform to facilitate the exchange of fresh information, experience and knowledge towards achieving objectives of delivery sustainable mining projects. More importantly, the networking partnership momentum will be an invaluable experience.”

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There are currently 107 active mines in West Africa as compared to 69 in Eastern Sub-Saharan Africa, 49 in Southern Africa and 39 in Western Sub-Saharan Africa.

Ghana is the second largest producer of gold in Sub-Saharan Africa, while Niger’s mineral portfolio comprises some of the world’s most prized minerals such as gold and uranium.

The exhibition at this year’s summit has been extended to provide space for 80 companies to showcase their project highlights, products, innovation and services.

The conference is officially endorsed by the Ghana Ministry of Lands and Natural Resources and supported by the Liberia Chamber of Commerce and the Geological Society of Africa.

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