Financial specialists and mining firms assemble Monday at Africa’s greatest industry meeting amid a newfound hopefulness that the uptick commodity could shore up investment after a year of downturn.
The yearly four-day Mining Indaba in Cape Town happens as request in China, one of the world’s greatest buyers, begins to stabilise.
Commodities like iron, copper and tin are soaring to new heights, raising hope among analysts that this year’s conference may spur funding for new mining ventures.
The devastating price slump saw several commodity-dependent economies across Africa stagnate, with companies cutting jobs and some shutting down operations.
Africa’s biggest copper producers Zambia and the Democratic Republic of Congo (DRC) were among the worst hit, with thousand of jobs lost over the last three years.