African countries need to get a fair and equitable benefit share from their mineral potential. Creating stable and just policy and regulatory environments is necessary to compete with other producer regions to attract and retain investment that can provide regional developmental benefits. Unlocking this potential requires genuine partnerships and value share between mining operators, investors, national governments and host communities.
The reappraisal of existing strategies and approaches towards industry governance is evident in the trend of national renegotiation of mining contracts, development of new mining codes and legislation, and advancement of critical minerals strategies designed to prioritize sectors that nations have identified for increasing value capture and attracting investment – including in South Africa, Botswana, Namibia, Nigeria, Malawi, Zambia and Zimbabwe.
This need for value must be delicately balanced against industry and investor requirements for stable, transparent, and consistent regulation. International public and sovereign investments require credible commitment from government towards a stable investment environment, including on how extraction can translate in developmental outcomes.
The Chatham House Africa Programme, in partnership with UNDP, convenes policymakers, private sector representatives, and civil society from across multiple African jurisdictions to discuss how just, transparent, and forward-looking minerals governance can form part of a comprehensive strategy to help Africa achieve sustainable development.
Read the event communiqué:
Read the transcript of the speech by Hon Phumzile Mgcina, Deputy Minister of Mineral and Petroleum Resources, Republic of South Africa
By registering for this event, attendees agree to our Code of Conduct, ensuring a respectful, inclusive, and welcoming space for diverse perspectives and debate.
