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The country mining vision: towards a new deal

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  • Antonio M. A. Pedro

    () (United Nations Economic Commission for Africa (ECA))

Abstract

Abstract The Africa Mining Vision (AMV) adopted by the African Union Heads of State and Government in February 2009 represents a paradigm shift away from a resource development model anchored on extractivism toward one in which mineral resources are harnessed to accelerate broad-based development and build resilient, diversified, and competitive economies. The vision is premised on a broad understanding of value beyond mineral revenues. Those are to be managed in a transparent manner and invested in other forms of capital that can outlast the currency of mining. The AMV calls for strong economic and social linkages between the extractive sector and other sectors of the local economy as evidenced by the share of wealth that is retained locally and higher levels of value addition and local content. The successful implementation of the AMV requires strong and well-coordinated institutions, coherent and well-administered policies, and regulatory frameworks. Of vital importance, especially at country level, is the need to build multi-stakeholder platforms for dialogue and decision making. This paper discusses the Country Mining Vision (CMV) as an instrument to facilitate the implementation of the AMV at country level.

Suggested Citation

  • Antonio M. A. Pedro, 2016. "The country mining vision: towards a new deal," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 29(1), pages 15-22, April.
  • Handle: RePEc:spr:minecn:v:29:y:2016:i:1:d:10.1007_s13563-015-0075-y
    DOI: 10.1007/s13563-015-0075-y
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    1. repec:eee:jrpoli:v:52:y:2017:i:c:p:1-6 is not listed on IDEAS
    2. Rabe, Wiebke & Kostka, Genia & Smith Stegen, Karen, 2017. "China's supply of critical raw materials: Risks for Europe's solar and wind industries?," Energy Policy, Elsevier, vol. 101(C), pages 692-699.
    3. Sgarbossa, Fabio & Russo, Ivan, 2017. "A proactive model in sustainable food supply chain: Insight from a case study," International Journal of Production Economics, Elsevier, vol. 183(PB), pages 596-606.
    4. repec:eee:enepol:v:108:y:2017:i:c:p:524-537 is not listed on IDEAS
    5. Janda, Karel & Málek, Jan & Rečka, Lukáš, 2017. "Influence of renewable energy sources on transmission networks in Central Europe," Energy Policy, Elsevier, vol. 108(C), pages 524-537.
    6. Jeffrey B. Nugent & Sara Bazoobandi, 2017. "Political Economy of Sovereign Wealth Funds in the Oil Exporting Countries of the Arab Region and Especially the Gulf," Working Papers 1143, Economic Research Forum, revised 10 May 2003.

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