In the mining industry there is no shortage of opportunities for investors, but many people are still looking for the best possible investment opportunity.
Read moreThe World Bank estimates that global mining output in 2017 was expected to be around 7% higher than it was in 2016, with a global average of 7.2%.
However, as the industry continues to lose out in terms of mining productivity, the World Bank has published a new report which outlines a few key investment opportunities.
Read MoreThe first of these is the mining sector in the developing world.
The World Economic Forum (WEF) report states that the emerging mining sector is one of the fastest growing and most important industries in the world, with its contribution to the economy reaching up to $12.3 trillion in 2016.
While there is an increase in the number of mining companies and enterprises, there are still some challenges.
According to the report, a lack of awareness about mining in the countries where the sector is developing is a major obstacle.
In the last year, the WEF has identified four key challenges in this sector, which are:a lack of information and knowledge about the sector;a lack in knowledge and knowledge in the mining ecosystem;a failure to share information;and lack of effective governance and accountability.
The report points out that the world is experiencing a new age of information technology, with the number and speed of digitalisation increasing exponentially.
This trend has the potential to further exacerbate the need for effective governance in the sector.
For example, the IT sector alone accounts for nearly one-third of the global GDP.
The WEF notes that, as digitalisation is becoming increasingly prevalent, more people are working in this field, and this could have a detrimental impact on the overall productivity of the mining process.
Accordingly, the report recommends a range of investment opportunities, including the mining of renewable energy, and mining of carbon sequestration, both of which are highly effective and sustainable processes that provide a significant boost to the global economy.