The sun also rises…

The Africa Report - - BUSINESS -

The com­mod­ity su­per­cy­cle is a thing of the past, and af­ter a decade of largesse China’s ma­jor in­fra­struc­ture spend­ing has slowed. Min­ing com­pa­nies in Africa have paid their dues, spend­ing the past two years re­struc­tur­ing their bal­ance sheets and re­cal­i­brat­ing their ap­petites. The re­sult, you might think, is a newly tuned up set of min­ers, look­ing at fresh op­por­tu­ni­ties across the con­ti­nent. Af­ter all, prices for me­tals are creep­ing up. Hal­lelu­jah! A fresh dawn for the min­ing sec­tor! Fire up the el­e­va­tors, clip on the head lamps!

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