MINING INSIGHTS | 10 OCT 2019 Africa is a vital part of Australia’s mining industry Absa | Corporate and Investment Banking > Insights and Events > Africa is a vital part of Australia’s mining industry SHARE A look at how South Africa can regain its mining status In this instalment of the 2019 Absa Insights Series, Absa’s Shirley Webber, Head: Natural Resources and Energy, Absa CIB, chats to Tawanda Madondo, Senior Coverage Banker: Natural Resources, Absa CIB, about why Australian mining houses view Africa as an important element in their portfolios. Video highlights: Australian mining portfolios include African commodities such as iron ore, mineral sands and the newer commodities, graphite and lithium, even though banks aren’t necessarily comfortable with these commodities. Australia is positive about South Africa, but political stability, rules, regulations, and taxes have an impact on the country’s overall rating. Unfortunately, the International Monetary Fund (IMF) is not positive with regards to South Africa, and this has a ripple effect on Moody’s and S&P’s ratings. Government therefore has a responsibility to create the best investment atmosphere for foreign and local investors. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles NATURAL RESOURCES AND ENERGY Battery metals to boost Africa If Africa is serious about maximising its exposure to the resource sector over the coming decade, a clear strategy relating to nickel, copper and lithium will be critical. Read more NATURAL RESOURCES AND ENERGY Banking on metals of the future The next decade will be pivotal for the mining sector in Africa and there are numerous reasons to feel optimistic about deal-flow and transactions on the continent in the coming years. Read more NATURAL RESOURCES AND ENERGY Where does Africa fit into the global resource mix? Shirley Webber explains how Africa is emerging as a global force in oil and gas markets and its growth in oil and energy demand is forecast to outstrip China in the coming years. Read more