signe8_STEPHANE DE SAKUTINAFP via Getty Images_south africa miners STEPHANE DE SAKUTINAFP via Getty Images

Digitalizing Africa's Mines

Artificial intelligence and advanced data analytics can help Africa’s mining companies optimize their operations and enable them to capitalize on growing demand for the minerals they produce. But new technology also brings new challenges that firms and governments must be ready to confront.

WASHINGTON, DC – Mineral resources are a critical source of revenue for Africa. In 2019, minerals and fossil fuels accounted for more than a third of exports from at least 60% of African countries. The continent produces around 80% of the world’s platinum, two-thirds of its cobalt, half of its manganese, and a substantial amount of chromium, leaving it in a strong position to benefit from growing demand for these minerals. Moreover, Africa is believed to have some of the world’s largest untapped mineral reserves.