The Australia Africa Mining Industry Group (AAMIG), the leading member association supporting the Australian extractive industry operating in Africa, is calling on African host governments to work towards providing an enabling environment for foreign investment in the mining sector.
In doing so, host governments also need to deliver on the Africa Mining Vision which calls for “the transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development”.
The AAMIG maintains that despite the reduction in aid announced as part of Australia’s 2015 Federal Budget, the Australian government endeavours to continue to build longlasting and strategic partnerships with African countries as they grow and develop over the next decade.
The reduction in aid, which is aimed at capacity building in host countries, will see industry and the Australian government working more collaboratively to deliver better outcomes in Africa, AAMIG acting CEO Adel van der Walt believes.
The organisation is calling for public debate to shift from the outdated thinking of aid as philanthropy and charity, to aid as economic diplomacy delivering long-term development, employing and sustaining generations of Africans. “This is also what the people of Africa want; access to opportunities and to make those opportunities sustainable and permanent. They want to be involved and meaningfully engaged in productive economic enterprises, which they often find in well-managed Australian mining, oil and gas companies working in their countries,” says Van der Walt. Some 220 ASX-listed companies operate in Africa, of which about 110 are AAMIG members.
The African mining industry is now the largest international market…