Rio Tinto bets on African mining for growth

[miningmx.com] – RIO Tinto was seeking expansion opportunities in Africa’s minerals sector as it bet on long-term demand growth for minerals, said Reuters citing the comments of Alan Davies, head of the Anglo-Australian mining group’s diamonds and minerals division.

“The global drivers for long term demand for African minerals all point in the right direction,” Davies said at the Mining Indaba conference. “Rio Tinto continues to invest and explore for opportunities in Africa, in particular in Botswana and Namibia,” he said.

He did not provide further details, but both Botswana and Namibia are among the major diamond producers in Africa, said Reuters.

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