Extractive Sector: African Perspectives – Volume 3, Issue 7 (July/August 2014)


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    Download GREAT insights Version française Editorial San Bilal, Head of the Economic Transformation Programme, ECDPM and Isabelle Ramdoo, ECDPM, Deputy Programme Manager of the Economic Transformation Programme The nexus between the extractive sector and development is a complex one which has commonly been addressed through two prisms: the governance (or management) of extractive resources, and the linkages between the extractive sector with the rest of the economy.  The international community has paid increasing attention to the governance dimension of natural resources ... Features The Role of the Extractive Sector in Africa's Industrial Transformation Guest Editor Isabelle Ramdoo Talks to the Commissioner for Trade and Industry of the African Union, H.E. Fatima Haram Acyl Africa faces an imperative for structural transformation. This structural transformation is needed to ensure economic growth and development, which will create sustainable jobs to improve the well being of Africans. That transformation is dependent on the effective management and ... Leveraging Africa's Extractive Sector for Inclusive Economic Transformation Carlos Lopes, Under-Secretary General and Executive Secretary of the Economic Commission for Africa Africa is endowed with some of the world’s largest mineral reserves, including three-quarters of the world’s platinum supply, half of its diamonds and chromium, and up to one-fifth of gold and uranium supplies. The continent also boasts vast reserves of coal, copper, cobalt and iron ore and is home to huge reserves of oil and gas. These resources account for a significant share of exports in half of its countries ... Regulatory reform in the Liberian mining sector: Striking the right balance In this interview, Editor San Bilal talks to Hon. Sam Russ, Deputy Minister for Operations, Ministry of Lands, Mines and Energy, Liberia Liberia is a resource-rich country that is endowed with considerable natural resources, including iron ore, gold, diamond, etc. We currently boast four iron ore concessions and two gold concessions. However, Liberia remains virtually unexplored and thus has great potential for economic growth and socio-economic development from these resources. To realise this potential, Liberia needs a strong governance and regulatory ... Regional Dimension Developing Value Chains: What Role for Regional Integration? Isabelle Ramdoo, ECDPM, Deputy Head of the Economic Transformation Programme Since the turn of the century, many African resource rich countries have embraced a fundamental shift in their policies regarding the management of their extractive resources in an attempt to finally reap the benefits from the current resource boom. In particular, many countries adopted a set of new-generation fiscal and industrial policies, supported by regulatory and institutional reforms, all aimed at triggering economic and social ... The Role of Regional Cooperation in the Context of West African Oil Dr Alain Fogue Tedom, Pan-African Centre for Strategic Studies for the Promotion of Peace and Development and Fabrice Noah Noh, Ph.D. student, University of Yaoundé II, Soa, Cameroon West Africa is one of the most dynamic subregions of the continent. With a gross domestic product (GDP) in purchasing power parity of US$564.86 billion in 2012, it was ranked the world’s 25th largest economy by the International Monetary Fund (IMF).  While the free movement of people and goods is one of the successes of the cooperation between the countries in the region, the lack of convergence of their macroeconomic policies ... Extractive Sector in the WAEMU: Regional Dynamics as a Driver of Growth Emile Bangraogo Kabore, responsible for Mineral and Hydro-Carbons at WAEMU Despite the uncontested presence of a wealth of mineral substances in the West African region, as in the rest of the continent, the land remains geologically under-explored. With such potential in the substratum, the High Authorities of the West African States have quickly realised the extent to which the extractive mining industry could contribute to these states’ socio-economic development and to that of their populations ...   Local Dimension  Gold Mining and Shared Value: Contributing to Development and Communities Nick Holland, CEO, Gold Fields There can be no doubt that mining, executed responsibly, is a significant force for sustainable growth. Beyond the multiplier effects on employment, livelihoods and the national economy, it should not be underestimated that whole communities are directly and often exclusively dependent on the sustainability and growth of the mining sector.  But to succeed in achieving this growth, long-term relationships of trust and mutual respect must ... Legitimacy of Small-scale and Artisanal Mining in the DR Congo: The Case of Kivu Zechariah Bulakali, Mining Researcher, IPIS focal point in Bukavu, South Kivu, DRC The substratum of the Democratic Republic of Congo (DRC) is very rich in natural resources and contains the main groups of minerals: the copper group (copper cobalt, uranium, zinc, lead, cadmium and germanium); the chromium, nickel, and diamond group; the tin group (tin, wolfram, colombo-tantalite, beryl, monazite); precious metals (gold, silver and platinum); iron and manganese; as well as mineral fuels ... Madagascar: Laying Foundations for Extractive Industries Toky Ravoavy, Consultant for the Extractive Sector and Local Development Madagascar has become symptomatic of the conditions in which the extractive sector develops in vulnerable countries following the arrival of foreign investors. Lessons learned deserve special attention and must be shared with other countries in order to find the right approach. On the whole, current operations are subject to the demands of globalisation, national policies and local issues, not to mention the wishes of countless ... Extractive Sector and Environmental Civil Society in Madagascar Ndranto Razakamanarina, President of the Alliance Voahary Gasy, Platform for Malagasy Civil Society for the Environment and Holly Rakotondralambo, AVG’s Mining and Extractive Industries Commission Given the continued plundering of natural resources on an unprecedented scale (e.g. trafficking in protected species and the illegal logging of precious woods, particularly rosewood) and after 20 years of implementing an environment programme, in 2009 the associations and NGOs working on the environment decided to create a platform called the Alliance Voahary Gasy.  This aimed at establishing a strong environmental ...
    EPA Update Monthly  Monthly Highlights from ECDPM’s Talking Points Blog Monthly Highlights from ECDPM’s Weekly Compass Newsletter Calendar and Resources   This publication benefits from structural support by ECDPM's following partners: The Netherlands, Belgium, Finland, Ireland, Luxembourg, Portugal, Sweden, Switzerland, Austria and the United Kingdom.    Read GREAT Insights, Volume 3, Issue 7:  [gview file="http://ecdpm.org/wp-content/uploads/Vol3_issue7_July2014_extractive_Sector_web.pdf" save="1"]  
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