Africa 'best for mining'

Robert Friedland is a mining entrepreneur who told a conference in Hong Kong that he would prefer to mine in countries such as the Democratic Republic of Congo or South Africa rather than Australia.

In his remarks at the Hong Kong conference, Friedland specifically named the Democratic Republic of Congo (DRC) and South Africa as places he would prefer to mine.

According to his comments reported at the conference, Friedland believes countries such as the US or Australia are more likely to make a claim on the wealth of mining companies, which is why he expressed a preference for mining in the DRC or South Africa.

The article reports Friedland's view that some countries are more likely to assert claims on mining company wealth. For everyday investors, this phrase suggests the possibility of stronger government intervention in mining profits or assets in certain jurisdictions, a factor investors often consider when assessing risk.

He made the comments at a conference in Hong Kong, as reported in the article.

No — the article only reports Friedland's personal comments and does not indicate whether his view is widely held among other mining executives.

The article presents Friedland's opinion but does not offer investment advice. Everyday investors should consider multiple factors — including jurisdictional risk, company fundamentals and their own risk tolerance — before changing a mining stock strategy.

Friedland contrasted the DRC and South Africa with countries such as the United States and Australia, saying the latter were more likely to make claims on the wealth of mining companies.