in mineral economies
Regional workshop for mineral economies in Africa
For many countries in Africa, particularly the least developed,
mining, usually based on foreign investment, offers a way to increase
export incomes and government revenues, thereby mobilizing the resources
necessary for economic and social development and laying the foundations
of a more diversified industrial structure. The increasing share
of world wide exploration and investment expenditure directed towards
several African countries in recent years demonstrates that efforts
to promote mining investment are likely to meet with success within
a relatively short time period from the initiation of policy changes.
Other countries that have no or modest mining activity at present,
but which are considered to have geological potential, are considering
the introduction of policies and institutions, particularly in the
areas of taxation and regulation, that serve to attract investment
and to maximize the contribution to the economy from mining.
large-scale mineral production is still a relatively new phenomenon
in some African countries, others can be considered to be mature
mining economies and are facing important policy issues that are
related to the importance of the mining sector, including macro-economic
instability, insufficient competitiveness in agriculture and manufacturing,
uneven income distributions, and inequalities between regions. In
these countries, there is often a need to develop policies that
address the lack of horizontal and vertical diversification and
aim at maximizing the contribution of mining to their economies.
A particular concern is the need to ensure sustainability of economic
development in areas that depend on mining once mineral deposits
is against the background of these issues and to address the problems
facing African countries in both groups that UNCTAD is organizing
a workshop on growth and diversification in mineral economies in
Cape Town from 7 to 9 November 2000. The workshop is organized as
part of an UNCTAD project on diversification and commodity based
development, which is funded by the United Nations development account.
It is one of several regional and sub-regional workshops planned
under the project.
more information about the workshop, contact Olle Ostensson,