The AMV is a first and foremost a developmental mining approach that insists that the royal road to growth is through building economic and social linkages that benefit Africa itself.
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Understanding the history of African mining towns offers valuable insights into the continent's journey through colonization, economic transformation, and social evolution. It underscores the resilience and adaptability of African communities in the face of profound change, shaping the dynamic and diverse continent we witness today (AU, 2024) .
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"Social licence to operate" has also become a reality for the mining industry. This requires the mining companies to engage in detailed talks and negotiations with the local and affected communities for approval to proceed …
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Mining, though contributing a declining share to the South African economy, is still a significant employer and earner of foreign exchange revenue. It has a troubled past and, for good reason, was one of the first targets of Black Economic Empowerment (BEE) at the dawn of South Africa's democratic dispensation.
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South Africa's transition to democracy brought wholesale political, institutional and social changes. These changes affected the concept and role of CSR in two ways. First, South Africa's capital markets became closely linked to international markets, pred-ominantly through the listing of mining companies
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At African Minerals Funding Association (AMFA), we forge strong partnerships between South African mining license holders and international investors. Our mission is twofold: to generate profitable mineral ventures while fostering social development in rural and mining communities.
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2. Africa Mining Vision The Africa Mining Vision is an innovative and holistic vision for governing the mineral sector on the continent. The goal of the Vision is to ensure transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socioeconomic development. 3. Tenets
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The first fiscal policy statement since the formation of the Government of National Unity (GNU) in June 2024 was tabled yesterday, 30 October 2024. African Mining, incorporating Mining Mirror highlights some of the insights and their relevance for the mining sector shared by the Minerals Council South Africa and Banking Association South Africa.
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As a pivotal requirement within South African mining law, the SLP has emerged as the linchpin connecting the vast mineral wealth to real, tangible benefits for local communities. Here, we unearth the essence, significance and workings of the Social Labour Plan in the Rainbow Nation. The Genesis of Social Labour Plans. South Africa's tumultuous ...
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South African Mining Industry: Brief Profile Mining and its related industries are critical to South Africa's socio-economic development. This relates to significant contribution to economic activity, job creation and foreign exchange earnings. South Africa is famous for its abundance of mineral resources, accounting for a
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The Africa Mining Vision (AMV) is a comprehensive framework adopted by African Union heads of states and governments in 2009. It outlines a vision and a blueprint for …
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CSR Corporate Social Responsibility DTA Double Taxation Agreement ... the value of mining investment to fund socio-economic infrastructure and other national development priorities, mining companies seek ... The Africa Mining Vision (AMV) was adopted by the Heads of State and Government of the African Union (AU) in February 2009. ...
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African Mining - Consistently providing original content and sharing business intelligence with the African mining industry for more than 40 years. ... Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
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Since its inception in 1994, the Investing in African Mining Indaba conference has become a pivotal event for mining professionals, investors, and industry leaders looking to capitalise on the vast opportunities in Africa's mining sector. With a focus on fostering long-term economic growth and sustainability, the event serves as a premier
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Though not now as big as it was in its heyday, South Africa's mining sector nevertheless contributes 7% of GDP and provides 400,000 jobs (Chamber of Mines, 2017) to a country with an ...
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T he Board of Directors of the African Development Bank Group has approved a US$150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country's mining sector.. The approval, granted on November 29, is part of SNIM's US$467 million logistics expansion …
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Aim: We reviewed South Africa's legal frameworks relating to mine closure, the winding-up of gold mining companies and the impact of sudden closure on the environment and communities.
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about whether banks do due diligence before they fund any mining activities to guide against corruption, social, environmental and human rights abuses that are linked to mining. This report interrogates the funding commitments of South African banks in mining in SADC and considers whether they can do things differently. The research analyses ...
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New Africa Mining Fund II was a 2011 vintage metals and mining fund managed by Decorum Capital Partners. The fund was located in on, South Africa, and invested in Southern Africa. The fund focused on metals and mining asset classes over 8 …
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Your daily foray into Africa's circles of power. Africa Intelligence brings you exclusive coverage of the major political, economic and diplomatic issues at stake on the African continent, identifying power players on the rise and low-frequency signals on the horizon. Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd.
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Africa's established history as a global mining hub has fostered the development of key infrastructure and a skilled workforce that international mining firms rely on to meet global mineral demand.
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The African Minerals Development Centre (AMDC) has recognised the value of a strategic foresight framework and anticipatory governance plan to improve the management of Africa's mineral resources.
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The AMV is a first and foremost a developmental mining approach that insists that the royal road to growth is through building economic and social linkages that benefit Africa itself.
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The Africa Mining Development Center will promote the continent's policy space to pursue local beneficiation, value addition and resource-based industrialization and harness the potential of artisanal and small-scale mining …
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The measures include the creation of a social fund financed by mining companies operating in the country. ... An idea to be emulated by mining countries in Africa . The unequal distribution of mining revenues is also a major issue in Africa. On the continent, major mining countries are among the poorest in the world despite their substantial ...
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The African mining sector, rich in resources but often constrained by financing challenges, is at acrossroads. Traditionally, mining companies have relied on conventional financing methods to fundexploration, development and expansion projects. These methods – primarily equity financing, bankloans and project financing – have long been the 'go-to' options …
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Fortunately, South Africa's IDC has stepped up its support of African exploration, having recently launched the Junior Mining Exploration Fund in partnership with South Africa's Department of ...
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Mining in Africa Are Local Communities Better Off? Punam Chuhan-Pole, Andrew L. Dabalen, and Bryan Christopher Land ... of significant relevance to Sub-Saharan Africa's social and economic develop-ment. Its aim is both to record the state of the art on a specific topic and to contribute to ongoing local, regional, and global policy debates. ...
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At African Minerals Funding Association (AMFA), we bridge the gap between international investors and South African mining license holders. Our goal is to facilitate seamless entry into …
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Prime Group, an investment firm specializing in resource development, with a focus on sustainable investment strategies, has announced a $60bn investment fund, strategically directed towards oil exploration, mining, and agriculture sectors in Africa. "This fund represents a landmark opportunity-not only for Prime Group of Companies, but for ...
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