Africa Holds 30 Percent of Global Mineral Reserves
The continent possesses the largest share of several key minerals. Coverage on Africa Day examined foreign involvement in extraction.
techcentral.co.zaAfrica accounts for 30 percent of the world's mineral reserves, including the largest known deposits of gold, diamonds, cobalt and uranium. The assessment was presented in a report marking Africa Day. The same report stated that foreign companies and governments maintain operational control over many of those deposits.
The figures cover reserves located across multiple countries on the continent. No breakdown by individual nation was provided in the report.
The report described licensing agreements, joint ventures and direct ownership stakes held by non-African entities. It did not name specific companies or countries.
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Mining license renewals in several African states may reference the reported reserve figures.
Transparency Panel
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