With Africa still low on the global mining risk rankings, explorers and developers being drawn back into the continent by the commodity price recovery would be wise to step carefully – on the strength of quality studies and plans informed by experienced local professionals.
According to the latest World Risk Report from Mining Journal, “Africa narrowly avoided the wooden spoon as the riskiest major region.” The continent’s average score was 48 – compared with the leading scores of 80 for Canada and 74 for the United States; Asia was one point behind Africa, on 47. Morocco was the only African jurisdiction to reach 60 points on the scale.
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