Mining resources in Africa : an invaluable asset
Africa conceals more than 60 different types of minerals, covering 1/3 of the world’s mineral reserves, including vital resources for technological development, like rare earths.
For example, it has 90 % of the platinum reserves; 80 % of the coltan; 60 % of the cobalt; 70 % of the tantalum; 46 % of the diamond reserves; 40 % of the gold reserves and 10 % of the oil reserves.
Present in 21 countries on the continent, BANK OF AFRICA supports mining companies by providing substantial financing for investments in this key sector of the continental economy.