Mining holds ‘huge potential for growth’ but risk management vital

Partners must be chosen carefully, this is a long-term game – Nedbank.

With the African Mining Indaba currently taking place in Cape Town, Classic Business Breakfast with Moneyweb talks to Nivaash Singh, head of mining and resources finance international at Nedbank CIB, about the sustainability of mining in South Africa and the the rest of the world. Singh gives insight into challenges facing banks doing business on the African continent in the sector.

Read: Changing the narrative around SA mining

Africa’s long-term mining potential

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If I was investing in mining especially Gold mining I would invest in the DRC. Even with their warring factions to me it is a safer investment than in SA.

DRC mining has the best potential of ROI in the long run and has enough Gold to be lucrative. Just an opinion.

End of comments.

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