Wednesday, 3 February 2010

African mining Indaba attracts 4,000 delegates

Clearly, Africa is the new investment destination. The African Mining Indaba started with optimism and around 4,000 delegates versus 3,800 last year. This is the first big mining conference to be held since the end of the global financial crisis,

Formal talks on day one all involved commodity forecasting, and delivered a steady stream of observations about rare metals, uranium, iron ore, gold and copper. Somewhat predictably most forecasts were optimistic about the outlook, though a clear message was that 2010 will be a year when supply issues dominate demand.

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