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Mining Indaba, McKinsey plot way forward for African mining

All African mining companies can and should take steps to improve productivity and reallocate capital, while about half have the capacity to merge with or acquire companies. On day one of the Investing in African Mining Indaba here, a jointly developed report from McKinsey’s basic materials practice and the Mining Indaba, “Creating Global Mining Winners in Africa”, detailed big moves in four categories that would help African mining companies regain their prominence.