Africa's mining future 'is positive'

9 February 2010

Cynthia Carroll, the chief executive of Anglo American, has said she is positive about how Africa can contribute to the mining industry.

According to TradeInvestAfrica, Ms Carroll spoke at Cape Town's Mining Indaba conference last week.

She said: "Africa's gross domestic product remained positive in spite of the collapse of world activity and is expected to rise by more than four per cent in 2010, double the rates of advanced economies."

Democracy has played a part in this growing strength and strong leadership in Africa is a contributing factor.

More than 20 countries are democracies and Ms Carroll compared this figure with the figure during the 1980s, which totalled three.

Botswana, South Africa and Namibia are all among the mining countries whose industries are improving.

Investments in the mining industry over the coming years are expected to follow, Ms Carroll explained.

Anglo American is based in London and is a diversified mining group. Africa, Europe, South and North America, Australia and Asia are all countries where the organisation operates.

Category: General