Posts Tagged ‘mining’
Zimbabwe’s rich mineral resources will drive economic growth in the country.
China invests in South Sudan’s as yet unexploited mineral deposits.
Africa’s economic power is growing, and trade can significantly aid sustainable development.
Mining companies should invest in infrastructure development to win the support of the local population and to mitigate political risk.
The African Development Bank says that ordinary Africans are not benefiting enough from the gold boom.
Mining companies’ concerns over electricity supply in South Africa are fuelling a drive towards self-sufficiency, with some mines on the point of investing in their own power generation facilities.
African governments are increasingly seeking a bigger chunk of their mineral resources wealth.
Botswana, the world’s largest producer of diamonds, is transforming into a leading diamond trading and manufacturing hub.
“The Malian business environment is characterised by increasing market liberalisation, openness to foreign trade and investments, and high GDP growth rates.”
Namibia’s Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium, saying it would discourage investors.
Anglo American Platinum has not received any rejection notice from the Zimbabwean government over its plan to transfer a majority stake in its local operation to black investors, the company’s chief executive said on Monday.
The mining sector’s contribution to the Nigerian economy is only about 1%, according to Mines and Steel Minister Mohammed Sada.
“The natural instinct of the mining industry is to fight these developments in every way possible.”
Africa as a whole doesn’t seem to be making much progress in creating a more attractive mining investment environment.
Mining in Zambia will definitely be a key driver for growth in 2011 and beyond.