Source: newsthemegh.com
The 2023 Egypt Mining Forum, a two-day conference designed to give decision-makers and stakeholders a forum to discuss strategies for the mining industry’s significant contributions to various economies, is being attended by George Mireku Duker, the deputy minister for lands and natural resources.
Mr. Duker emphasized the need of major mineral producers on the continent banding together to set fair pricing for their commodities during a panel discussion on maximizing advantages from African resources.
He called on African states to strengthen their ties and take into account that at least 30% of the continent’s natural resources are under their control in light of the creation of the African Continental Free Trade Area.
Mr. Duker highlighted Ghana’s status as a major gold producer by revealing that country produced over 22.2% of all gold in the world in 2021.
He did, however, give a warning, saying that if Africa doesn’t move cautiously, prosperity might escape the continent.
The Deputy Minister emphasized the significance of preventing investors from being viewed as merely exploiters but rather as partners looking for win-win solutions.
He emphasized the importance of a “win-win” scenario in which investors support the expansion of the mining industry while African nations gain significant benefits from their resources.
Participants can examine methods to improve Africa’s mining industry by participating in the Egypt Mining Forum, which provides a forum for stimulating debates. The engagement of African nations to demand more control over their mineral resources is demonstrated by Deputy Minister Duker’s participation and his proposal for cooperative pricing schemes.
Attendees eagerly await fresh, insightful insights that will open the door for the mining sector in Africa to expand sustainably and fairly as the conference progresses.