Investment
The Department of Minerals and Energy of South Africa reported that investment in newly committed precious metals projects in South Africa (that is, those in which funds had already been committed or were being expended) was $8.26 billion in 2005. An additional $9.56 billion was reported for potential precious metals projects in South Africa (that is, feasibility-level projects for which funds had not yet been committed). PGM accounted for 69% of the investment and gold 31%. Potential investments in iron ore projects was at least $950 million. Investment in newly committed processed minerals projects amounted to $681 million, and potential processed minerals projects is $584 million.
By 2008, capital expenditure for the heavy mineral sands project at Mandena in Madagascar was expected to total $585 million; at Moma in Mozambique, $348 million; and at Kwale in Kenya, $178 million. By 2010, capital expenditures for bauxite and alumina in Guinea were likely to total more than $2.35 billion; nickel in Madagascar, $2.25 billion; and coal in Mozambique, $1 billion. Substantial capital expenditures were also likely for aluminum in Mozambique and South Africa, cobalt and copper in the Democratic Republic of the Congo (Congo-Kinshasa) and Zambia, crude petroleum in Nigeria and Sudan, iron ore in Senegal, and natural gas in Nigeria.
Read more about this topic: Mineral Industry Of Africa
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