Australia worse than Africa for mining? Yikes! [blog]

The idea that Australia is a more dangerous place for mining investment than Mali might seem strange to most observers, but that’s exactly the view of the boss of the world’s third-biggest gold producer.

Mark Cutifani, the chief executive officer of AngloGold Ashanti, said previously he was more concerned about government policies toward mining in Australia than about nationalism in Africa.

On the face of it, this is an extraordinary comment that has gone largely unreported by both the Australian and international media.

How can it possibly be that Australia, a stable Western democracy with rule of law, independent courts and a culture of vigorous debate, is a more risky place than countries like Mali, which had a military coup last month and is battling an insurgency by Tuareg separatists?

Read the rest on the Reuters Africa News blog

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