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Russia Vying for Africa’s Mineral Resources

Africa is a prospective region for Russian mining companies - Mikhail Margelov

By TesfaNews,

Russia’s envoy to Africa, Mikhail Margelov, has said that Russian companies are interested in the development of natural resources deposits in Africa.

Understanding his country’s dependence on oil and gas exports, and realizing how unreliable this dependence is from the standpoint of national security, Russia is now eying mining to be its main source of financing its effort to modernize and upgrade the economy in the next 10 years and beyond. Continue reading Russia Vying for Africa’s Mineral Resources