Mining On Top: Africa – London Summit is a week of events where government meets investors, the mining community and civil society to plan how to create shared value from African Mining.

Although Africa is still the continent with the lowest per capita gross domestic product, its nations include many of the world’s fastest growing economies. In the first decade of this century, all ten of the fastest growing economies in the world were in Africa, and African foreign direct investment rose five-fold between 2001 and 2010. Indeed, Africa has seen sustained growth since 2000, with the boom being largely commodity driven.

Continued maximisation of extractive revenues is essential to support the growing expectations of the expanding middle classes and sustain the increased urbanisation of the population. However, commodity prices have declined, from recent highs; exploration spending has slumped and mining companies of all sizes are focusing on reducing costs. How should the resource rich continent respond?

In an environment where the whole world is competing for the benefits that mining can bring, Africa must ensure that it offers a competitive environment for companies to operate in. Transparent and stable taxation regimes, efficient permitting and licensing processes and skilled and healthy workforces are necessary if the continent is to attract mining dollars..

Naturally investors and miners must also play their part by supporting responsible infrastructure development, encouraging local content development and beneficiation, acting responsibly towards the environment and local communities, and ensuring that full, prior and informed consent is agreed at every stage of the mining development cycle.

Collaboration is required to ensure that Africa’s abundant mineral wealth is developed to the benefit of all. The London Summit again brings all constituents to African mining together to promote understanding, and to grapple with the realities of how this can be achieved.

Running from 24 – 26 June 2014, in partnership with the Commonwealth Business Council and UK Trade & Investment, Mining On Top: Africa – London Summit will be sharing the benefits of the commodity boom – bringing together key government officials, senior mining representatives, investors and service providers to create a greater understanding and improve the social and economic outcomes of African mining.

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