Rare earth elements (REEs) play a critical role in technological expansion, as such rare earth exploration companies are expanding their geographical reach in an attempt to find economically viable deposits. With Africa receiving increasing investor attention due to the recent surge in global commodities prices, it is unsurprising that South Africa, the continent's mining powerhouse, is leading the charge.
South Africa boasts a long and detailed mining history dating back to the mid-1800s, when reports of valuable deposits of gold, diamonds, and other precious materials led European prospectors to the region. Mining has been the main driving force behind the history and development of Africa's wealthiest economy.
The country's mining sector continued to thrive throughout much of the 20th century, with gold mining becoming an essential economic activity for the nation. Its gold mines currently make up 12% of global production, and South Africa is the world's largest producer of manganese, platinum, and palladium, and zirconium. . .View Full Article