Africa DownUnder Conference
Africa's emergence as a mining powerhouse still faces basic logistical challenges to stem the loss of investment dollars to main rival, South America, according to diverse explorer and miner, GRD Minproc Limited.
Australia's publicly listed mining companies operating in Africa have been urged to consider dual listing on the Johannesburg Stock Exchange (JSE) instead of the more conventional Toronto or London AIM markets.
A new high grade gold project acquired in Ghana by Australian explorer, Adamus Resources Limited (ASX: ADU)(PNK: ARLTF), is to be given significant drill priority by the Company.
West Africa should be viewed as a potential oil supply alternative because of instability in the Middle East and insecurity of Russian gas supply to Europe, according to Australian explorer, Baraka Petroleum Limited
Unlisted Perth diamond producer and explorer, Nare Diamonds Limited, is to join the increasing movement of Australian explorers listing on the Alternative Investment Market (AIM) in London.
A few days prior to the fifth anniversary of 9/11, a key political risk insurance group has told a resources conference in Perth that Africa has been a beneficiary of the swing in investment sentiment towards mining projects with lower risk profiles.
Mali has put out the welcome mat to Australia's mining sector, saying recent enhancements in the country's mining policy now make it a natural "home base" for
our local resources expertise and investment.
Significant opportunity exists to further increase the resource and move rapidly into production at a uranium project wholly-owned by ASX-listed OmegaCorp Limited
(ASX: OMC) in the African state of Zambia.
Australian mining companies wanting to invest in counterpart opportunities in Africa have been encouraged to more widely recognise the help available from the Federal Government, to do so.
World zinc output will need to grow 22% on this year's production estimate of 10.6 million tonnes to meet expected demand by 2010, according to zinc explorer, ASX listed Mount Burgess Mining NL.