BUSINESS

As Chinese Miners Get Shut Out From the West, Insiders Say Africa May Be the Answer

Published: Oct. 21, 2024 7:33 p.m. GMT+8

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Zijin Mining's Aurora Gold Mine project in Guyana. Photo: Sino-Zijin Resources

Investing in Africa’s mining industry is worth it for Chinese companies, industry insiders said, as geopolitical tensions rise and the U.S. and its allies tighten control over key mineral resources.

Despite its poorer infrastructure and challenging business environment, Africa was highly recommended as an investment destination by participants at last week’s China Mining Conference and Exhibition.

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Explore the story in 30 seconds

Chinese companies find Africa a favorable investment destination for mining due to its vast mineral reserves, despite geopolitical challenges elsewhere.
African nations have recently revised mining laws focusing on capitalizing on high commodity prices, not limiting mining investments.
Chinese firms face tougher acquisition rules in the U.S., Canada, and Australia but find opportunities in gold, an unlisted critical mineral, to expand their mining assets globally.

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