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Aug 10, 2015· Africa is rich in resource wealth. It is estimated to contain 30 percent of the world's mineral resources, including bauxite, cobalt, copper, gold, graphite, iron ore, manganese, nickel, phosphate, platinum and many other rare metals and elements. Since 2000, the mining of natural resources have accounted for 35 percent of Africa's growth.
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The South African economy overall continues to benefit greatly from mining, but it is not benefiting as much as it could, and the costs of mining are increasingly borne by communities in rural areas. Mining accounted for 7 per cent of GDP, worth of primary exports and employed 459,000 people in 2006.
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