On the Opportunities and Challenges of China–Africa Mining Cooperation

Africa has superior metallogenic geological conditions, rich in high–quality metallogenic belts. Africa also has excellent resource endowments, high distribution concentration, low development difficulty, and huge development potential. Mining plays an important role in the development of most African countries. In addition, Africa is also an important overseas mining partner of China. China–Africa mining trade cooperation has complementary advantages and has broad cooperation prospects and market potential. This paper summarizes the three stages of China–Africa mining cooperation, and points out that China–Africa mining cooperation has great potential from small to large, and has gradually formed three guarantee mechanisms of foreign affairs, policy and finance. By sorting out 42 typical cases of China–Africa mining cooperation projects, this paper summed up experience and lessons, analyzed the current opportunities and challenges faced by Chinese–funded mining companies investing in Africa, and put forward suggestions on mining cooperation based on the context of building China–Africa mining community with a shared future: First, Accelerate the construction of China– Africa mining community with a shared future and build a large mining market cycle. Second, strengthen mining financial cooperation. Third, actively assist African mining governance and promote high–quality development of African mining.