Mining—the misunderstood industry: An African perspective

Abstract

This paper challenges some widespread views about the mining industry held by people in general and by some African governments in particular. The most important characteristics of the industry and the mining process are outlined. The high risks that face mining and exploration companies imply that governments can, through the establishment of effective mining laws, substantially affect the level of investment in the industry. The paper concludes that the understanding of mining among African policy makers must change in a way that acknowledges these concerns. The appropriate legislation has to be introduced and the attitude that minerals must be saved for future generations ought to be abandoned.