South Africa Mining Exploration Falls for Seventh Year
A dump truck transports excavated rock along an access road at a mine in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergSouth Africa’s investment in mineral exploration dropped for a seventh consecutive year, despite the government’s ambitions to arrest the decline.
While the country is Africa’s largest exporter of mineral products, companies are spending ever smaller amounts on prospecting to identify and define the mines of the future. Nations like Zambia and Democratic Republic of Congo attract a greater share of exploration capital that’s allocated to the continent.