Why Mining Companies Should Support the Africa Mining Vision
At the just ended Mining Indaba, the African Union Commission celebrated the Africa Mining Vision day, with a high level ministerial symposium bringing together key stakeholders. This year’s commemoration was set against a particularly challenging background. Unlike 2015, when signs of grim were just emerging, the outlook for the commodity sector has changed markedly. A simple google search, tags mining and gloom together in an upwardly trend. It is hard to say how low mineral prices may go, before they can get better. Every day seems to come with renewed uncertainties. The continuous sharp fall, certainly marks an end of more-than-a-decade long upward movement of prices. A period, whose fading phase, with hindsight, now seems to coincide with the adoption of the Africa Mining Vision, in 2009. The slowdown in China, an economy which consumes almost half of world’s commodities, and the continued glut in the market, call for profound and ...