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For centuries, Africa has been the source of desired materials, from gold to iron to diamonds. The colonial period saw a plunder of easy-access riches, especially in the Southern Africa region. Today, mines are still generally western companies-with increasing competition from emerging Asian resource giants. The age of one-way exploitation is at an end, however, as mining companies work with the communities and governments affected by their operations. According to a study by KPMG, by the 1990s, Africa, in spite of its mineral wealth, was receiving only around 5% of the world's mining investment. By 2012, China accounted for almost 17% of the world's mineral imports, according to KPMG. At the same time, 16% of Africa's exported resources go to China. In the first 12 years of this century, China imported an incredible $100 billion worth of minerals making it the world's largest commodity purchaser. It couldn't last, of course, and Beijing has now substantially shifted gears from a high-growth, low consumption economy to one that is lower growth, higher consumption.
For centuries, Africa has been the source of desired materials, from gold to iron to diamonds. The colonial period saw a plunder of easy-access riches, especially in the Southern Africa region. Today, mines are still generally western companies-with increasing competition from emerging Asian resource giants. The age of one-way exploitation is at an end, however, as mining companies work with the communities and governments affected by their operations. According to a study by KPMG, by the 1990s, Africa, in spite of its mineral wealth, was receiving only around 5% of the world's mining investment. By 2012, China accounted for almost 17% of the world's mineral imports, according to KPMG. At the same time, 16% of Africa's exported resources go to China. In the first 12 years of this century, China imported an incredible $100 billion worth of minerals making it the world's largest commodity purchaser. It couldn't last, of course, and Beijing has now substantially shifted gears from a high-growth, low consumption economy to one that is lower growth, higher consumption.
Africa Builds on Recent Progress
Gavin du Venage (author)
2016
Article (Journal)
English
Ensuring quality builds in South Africa
British Library Online Contents | 2014
Engineering Index Backfile | 1937
British Library Online Contents | 2000
|TIBKAT | 1957
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