Reports indicate that the 2022 Mining Indaba summit began on Monday in Cape Town South Africa.
The conference, which will last through the end of the week, aims to bring attention to the issue of mining in Africa.
The Zambian president Hakainde Hichilema, speaking at the summit’s opening, urged elected leaders in their various countries to be accountable for their responsibilities.
“All of us on this continent should not accept the fact that we don’t have sufficient power to drive our mining sector and other industries. We do have. We have just not been doing the work that we were elected to do. Now is the time to do that, said Hakainde Hichilema, the President of Zambia. Among the issues highlighted include power shortage that has impacted the mineral flow in various African countries.
“We dig the mineral from the pit to the pot and somebody else adds value. Let’s invest in beneficiating our minerals. Beneficiation will mean we are fully taking ownership of the value chain of our minerals across the sphere,” said Gwede Mantashe, the South African Minister of Mineral Resources and Energy.
High energy prices, which constitute a substantial inflationary danger to the poor and emerging nations, are a backdrop for this year’s mining indaba.
Other factors affecting the continent’s mining economy include insecurity, labor unrest, and poor worldwide mineral prices.
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