OP-ED: MINING: Africa is a mineral treasure chest that could be a huge boost for development – if state predators are kept at bay

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Africa could be, in mining, the continent of tomorrow. But it always will be just that if governments go about managing mining companies in a predatory fashion. Instead of engaging the sector as a long-term developmental partner, many African government...

With nearly one-third of the world’s known mineral reserves, and with society poised at the point of an energy transition, Africa should be the site of a 21st-century bonanza.

The Anglo American Platinum Ltd. Waterval smelter site in Rustenburg, South Africa, on Wednesday, March 10, 2021. With this usually comes attendant calls for increased value addition and beneficiation. While these are not wrong in and of themselves, these calls are usually misguided, vague or incomplete. They usually fail to consider the extent to which mineral ore is already beneficiated. For example, Kansanshi, the largest copper mine in Zambia, is estimated to use 340,000 litres of diesel each day to mine 82,000 tonnes of ore feed , from which just 560 tonnes of copper are extracted.

 

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