Study On The Investment Environment Of Mineral Resources In Africa

China economic rapid development will keep at a high level in the future,through it has been slowed down in the new normal situation and mineral resources demand.Recently,there is a downturn in the global mining industry and lower prices of many mineral resources,which is not only an opportunity of the global distribution of mineral resources for China but also an important chance to increase mining investment for Africa.It is very difficult to overseas mining investment as system project for many African countries and complicated environment.Thus,we need answer urgent questions such as countries mineral resources to be invested.Based on FDI theory and mineral resources demand theory,this paper use the method of analytic hierarchy process by a large of statistical data and information from the United Nations Statistics Division,WTO,the United States Geological Survey and other authorities(1)We have systematically analyzed the economic level,infrastructure condition,and international trade as well as the typical policy orientation in Africa.We suggest that Africa falls behind in economic and society development.However,the investment environment is overall improved and development space of Africa in the future.There will much better develop with more attention on a strategy to Africa from western developed countries and emerging countries.(2)We have summarized up the distribution,production and consumption of energy,ferrous metal and non-ferrous resources in African.Together with the advantages minerals of main countries in African,we propose that there is a complementarity between Africa's rich resources and China demennd,including shortage of mineral resouces in China(e.g.,iron and bauxite)and the rare mineral resouces closely related to the development of China's strategic emerging industries.Thus,we suggest that Africa should become an important area for China to increase the global resource layout.(3)We have collected data from 238 quality mines in the stage of development and utilization in Africa and estimates the proportion of high-quality mines under the control of Western countries such as United Kingdom and Canada by carrying on the statistical to the holding company.More than 60 percent mining company in high-mine development stage are controlled by the Western countries.Meanwhile,we make a systematic analysis of the African mining situation.We propose that the development competition will be much harder,but opportunities will be much more challenges in African mining investment for China.(4)We have established African mining investment environment evaluation system including three levels and 16 indicators.It makes a comprehensive evaluation to mining investment environment of 54 countries using AHP.We suggest that the preferences state in Africa's mining investment are Botswana,Zambia,South Africa,Namibia,Tanzania,Ghana,South Africa,Angola,Algeria and other countries.In addition,we should pay attention to its economic,social and political developments to update assessment.This paper improves not only the relevant theoretical study of mining investment environment to some extent,but also provides reference of practical significance for Chinese enterprises to~“Enter Africa".