From Growth to Transformation: What Role for the Extractive Sector? Volume 2, Issue 2 (Feb-March 2013)
Editorial
By San Bilal, Isabelle Ramdoo, Henri-Bernard Solignac-Lecomte and Antonio Pedro
The forthcoming African Economic Outlook 2013 focuses on an issue high on the agenda of African policy makers, namely fostering structural transformation from natural resources in Africa. The report will focus notably on the management of ...
Bridging Africa's Transformation Gap: Could Natural Resources do Good after All?
By Jan Rieländer, Abebe Shimeles and Henri-Bernard Solignac-Lecomte
Last year’s edition of the African Economic Outlook (AEO) on Promoting Youth Employment showed that, despite steady growth, Africa’s capacity to offer economic and social ...
From Growth to Transformation: Time to Close the Gap between Extractive Sectors and other Productive Sectors
By Isabelle Ramdoo
Africa’s impressive growth performance in the last decade, largely driven by the commodity boom, and in particular, by high demands from emerging markets, has been widely heralded. This is very positive and most welcomed, in particular ...
Governing Extractive Resources for Inclusive Growth
By Marit Kitaw
Africa is endowed with considerable amounts of mineral resources and ranks first or second in quantity of world reserves of bauxite, chromite, cobalt, industrial diamond, manganese, phosphate rock, platinum-group metals, soda ash, vermiculite and zirconium. The continent is also a major global producer ...
Problems in the Mining Industry in South Africa
By Ben Turok
The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in ...
Diamond Beneficiation in Botswana
By Roman Grynberg
In 2011 Botswana is estimated to have exported 25 million carats of diamonds, making it the world’s largest diamond producer by value, and the second largest by volume, after the Russian Federation. This production is however down from ...
Extracting the Value from Extractive Industries: Insights from the Australian Experience
By David Doepel and Geoffrey Bolton
The three sources of potential wealth creation from the development of a country’s natural resources (particularly from mineral and energy resources) are: 1) rents and taxes, 2) beneficiation, and 3) upstream and side linkages into the ...
Mining and Development in Australia: Driving Structural Transformation
By Ian Satchwell
Australia is rich in many mineral and energy resources. For 150 years, mining has helped to drive Australia’s economic growth and ongoing economic change. Development of Australia’s world class resources has accelerated during the past ...
Taxation and Revenue Management Challenges in Resource-rich African Countries such as Ghana
By Alexander Kwame Archine
Tax revenue represents a dependable source of income for national development. For all countries, especially those dependent on revenue from finite natural resources, such as ...
EITI Myths and Reality: The Case of Tanzania
By Bubelwa Kaiza
The Extractive Industries Transparency Initiative (EITI) is apparently the only renowned extractive industries transparency standard in the world today. The initiative, in practical terms, involving reconciliation of payments (taxes, fees, royalties) ...
Extractive Industries, Related Benefits and Financial Intermediation in Africa
By Claudine Sigam and Dalila Iddrissu
This article provides an overarching view of the key dynamics shaping extractive industries, distribution of benefits from procurement, financial intermediation and institutional capacity in host African countries...
Negotiation of Fair Contracts: For a Sustainable Development of Extractive Industries in Africa
By Coumba Doucouré Ngalani
Extractive industries represent strong potential for the economies of many African countries. However, for the last few decades, the benefits of this sector remained very limited for resources-rich countries and, for their local communities ...
Unpicking the Connection between Resources and Armed Conflict
By Terry Heymann
This article describes the range of initiatives being taken to combat the misuse of natural resources to fund unlawful armed conflict, including attempts by the formal gold mining sector to establish a new ‘conflict-free gold’ standard ...
Involving Extractive Industries in Local Communities: The Case of Anglo American
By Richard Morgan
Anglo American is a global mining company with the majority of its operations (over 80%) in developing economies. The company is acutely aware that they are increasingly judged not just on the value they extract (and the significant revenue ...
Making Sustainability work for Communities, Countries and Companies: How Canadian Miner Sheritt International is contributing to Madagascar's Growth
By James M. Small
Today, a mining company issuing a sustainability report is not the rarity it was a couple of decades ago. But issuing a ...
Eni at the Heart of Africa's Development
By Pasquale Salzano
Africa is on the rise on the world scene. In recent years, its economy has grown faster than any other one in the world (except for China), thanks to the increasing global need of raw materials. The number of African countries becoming ...
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