Impact of the current global financial crisis and recession on the SADC mining sector: issues paper

Abstract

African ministers responsible for mineral resources development have expressed concern about the prevalence of poverty on the continent, despite the abundance of mineral wealth in their respective countries. With the assistance of the Economic Commission for Africa (ECA), they have formulated the African Mining Vision 2050, which aims to create conditions for transparent, equitable and optimal exploitation of mineral resources on the continent. Southern African Development Community (SADC) ministers in charge of mineral resources are involved in this initiative.