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Hundred billion market! Southern Africa's mining industry is promising
Southern Africa (mainly sub-equatorial Africa) involves 25 countries with a total land area of about 11.4 million square kilometers. At the end of 2019, the total population is about 0.447 billion and the total GDP is about $900 billion, which is about 1% of the total global GDP. Among them, the GDP of South Africa, Kenya and Angola exceeds or approaches US $100 billion, and the countries with per capita GDP exceeding or approaching US $4000 include Seychelles, Equatorial Guinea, Botswana, Gabon, South Africa and Namibia.
Southern Africa (mainly sub-equatorial Africa) involves 25 countries with a total land area of about 11.4 million square kilometers. At the end of 2019, the total population is about 0.447 billion and the total GDP is about $900 billion, which is about 1% of the total global GDP. Among them, the GDP of South Africa, Kenya and Angola exceeds or approaches US $100 billion, and the countries with per capita GDP exceeding or approaching US $4000 include Seychelles, Equatorial Guinea, Botswana, Gabon, South Africa and Namibia.
distribution of dominant minerals
The dominant minerals in southern Africa mainly include oil, natural gas, coal, uranium, iron, manganese, chromium, titanium, zirconium, copper, nickel, cobalt, tin, platinum group, gold, tantalum, niobium, lithium, rare earth, diamond and graphite. Mining is one of the pillar industries in most countries and occupies a pivotal position in local and global economic development. Among them, the reserves of minerals such as chromium, manganese and platinum group exceed 80% of the world's total reserves, the reserves of minerals such as cobalt, diamond and gold exceed 50% of the world's total reserves, and the reserves of minerals such as uranium, tantalum, zirconium and graphite exceed 30% of the world's total reserves. The region is not only the main supply base of mineral raw materials and energy in the world, but also one of the important sources of strategic mineral resources with high degree of dependence on foreign countries.
Contribution of mining development to national GDP
Based on the data analysis of the relevant national statistical offices of southern Africa, the World Bank and the national investment guidelines of the Ministry of Commerce of China in the past 10 years (as shown in Figure 1), in the latest 18 national mining output values (as shown in Figure 2), the mining output values of Namibia, Congo (DRC) and South Africa are between 15 billion and 20 billion US dollars, and the mining output value of Congo (Brazzaville) is about 5.8 billion US dollars, the remaining 14 countries have a mining output of less than $5 billion.
Fig.1 Data of mining output value in GDP of major southern African countries in recent 10 years
In the latest annual mining output value accounts for more than 6% of its GDP, there are 11 countries, including Congo (Brazzaville)(40% ~ 50%), Congo (DRC) and Angola (30% ~ 40%), Equatorial Guinea and Gabon (20% ~ 30%), Zambia, Botswana, Mozambique and Zimbabwe (10% ~ 20%), namibia and South Africa (6% to 10%), with 7 countries less than 6%.
In the past 10 years, 11 countries have more than 6% of their GDP, including Congo (Brazzaville)(40% ~ 50%), Angola (30% ~ 40%), Equatorial Guinea, Gabon and Congo (Kinshasa)(20% ~ 30%), Botswana, Zimbabwe and Zambia (10% ~ 20%), namibia, South Africa and Mozambique (6% to 10%), with 7 countries less than 6%.
Figure 2 The latest annual mining output value of 18 southern African countries
Analysis of Mining Development Trend
In the process of mining development, China-Africa cooperation and Chinese and foreign enterprises have played a significant role in the development of southern Africa:
First, China-Africa cooperation has effectively promoted the socio-economic development of southern Africa.Mining is one of the pillar industries in most countries in southern Africa. Within the scope of South-South Cooperation, through dialogue mechanisms such as the Forum on China-Africa Cooperation, some Chinese enterprises have made use of their capital and technological advantages to strengthen cooperation between China and Africa in the fields of energy and resources, effectively promoting local employment and promoting social and economic development.
Second, the situation of competing for the best has already taken shape.Southern Africa has obvious advantages in energy resources. Although there are flaws in infrastructure such as electricity and roads, mining policies and national investment risks, it still attracts such as Glencore, Rio Tinto, Ivanhoe, Minmetals, Zijin Mining, Luoyang With the strong attention and layout of international mining giants such as Molybdenum and Bushveld Mining Company (Bushveld Minerals), foreign, Chinese and local companies are optimistic about the future mining development of the region.
The third is to strengthen the construction of geological science and technology innovation capacity, following the general trend of cooperation between Chinese and African countries.Comprehensive cooperation needs of all parties, the use of advanced regional geochemical survey, regional geological survey, aerial geophysical survey and other means to obtain first-hand data, for Chinese mining enterprises to provide basic geological data and scientific basis.(Special contributor: Ren Junping, Sun Kaiguarei, correspondent: Wang Jie, Liu Xiaoyang, Zeng Wei;Authors: International Mining Research Center of China Geological Survey, Tianjin Geological Survey Center of China Geological Survey)
Source: Mining Industry
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