Australian ECA sees Africa as a magnet

(MineWeb, Perth, 16 June 2007) The Australian Government's export credit agency, EFIC, believes that Africa is now more important to corporate Australia as a result of the effect the minerals boom is having on the continent. EFIC's chief economist Roger Donnelly said that a hunt for new commodity sources "is on" and the new frontier in many cases is Africa. "Existing and prospective resource investment in Africa by Australian companies looks to be worth around US$15 billion."