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Overwhelmingly, the research conducted throughout 2018 to produce this year’s Mining in Africa Country Investment Guide (MACIG) suggests an air of cautious optimism among the continent’s mining community heading into 2019. Paradoxically, that stability has been driven by a broad trend across Africa towards diversification away from the mining industry; after years of struggling in the face of poor commodity prices and a drought in mining investment, miners are finally experiencing a serendipitous collision of continental cohesion and favorable global conditions. Within this context, observable trends in different regions beg particular attention. Southern Africa’s maturing jurisdictions are largely focused on the task of achieving local content and beneficiation. Despite ongoing conflict and political instability, Central and East African nations remain important in investment discussions, and in West Africa, the region’s gleaming gold potential makes it an attractive proposition for investors across the globe. Notwithstanding an uptick in activity — which is particularly evident among the continent’s long-suffering service providers — ongoing public debates between mining companies and governments continue to center on how best to balance national development objectives and investor interests.

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