During the 1990s, the share of Africa’s mineral production in global production fell from 16.6% to 10%. Despite this relative drop, to the benefit of Asia and Latin America, Africa is the largest producer of the ore coveted by industry, such as platinum, cobalt and diamonds. •is dominant position is expected to be strengthened further by 2015. However, Africa currently only accounts for a small share of global resources due to the lack of exploration. Yet the surge in mineral resource prices, which has made the sector more profitable prompted junior players to scale up prospecting in Africa as early as in 2002. •ese favorable prospects do not, however, guarantee the development of the continent. •is is demonstrated by the fact that there is little correlation between mineral exports and the Human Development Index.