Mining in Africa. Africa’s mineral industry is the largest in the world, … It ranks first or second in quantity of world reserves of bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals (PGM), vermiculite, and zirconium. Gold mining remains Africa’s main mining resource.
For many African countries, mineral exploration and production constitute significant parts of their economies and remain keys to economic growth.
The African continent is home to an abundance of natural resources that include diamonds, gold, oil, natural gas, uranium, platinum, copper, cobalt, iron, bauxite, silver among others.
Even though the world is fueled by commodity consumption, there is so much natural wealth on the continent that a great deal of it is unused. Africa’s resources are largely untapped and the deposits are so abundant that some of it has yet to be discovered.
Natural resources from Africa have a myriad practical applications, including industrial, manufacturing, medical, energy, and infrastructure development. The natural resources in Africa are used practically in many industries and in many countries every day.
Metals exported from Africa include uranium, platinum, nickel, bauxite and cobalt. Two of the most profitable mineral exports are gold and diamonds. The continent can produce close to 500 tons of gold a year. Africa generally produces around half of the world’s diamonds, however this has increased in recent years to over 75%.