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#0183 #32 Black granite mining in Mutoko started in the early 1970s Currently there are more than 11 companies mining black granite in the area two of which are foreign owned It is estimated that about 98% of the black granite mined in Mutoko is exported to countries such as Italy South Africa Germany Spain United Kingdom China Japan Malaysia Singapore Argentina United States and Canada
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Granite sales comprised the largest portion of this market at 39% by tonnage Despite its abundance in the granite is purchased from a number of other countries
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In this context the African mining industry is offering unparalleled opportunities for both local and international investors says the African Development Bank Group The high cost of mining in developed countries has forced major global companies to seek investment opportunities in Africa which offers relatively low costs of production says the bank
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