Launching of the report on State Participation in Mining
The mining industry Association of Southern Africa has launched a report on State Participation in mining. While launching the report at the BMW Pavilion Conference Centre, MIASA President Mr. Veston Malango said, the mining industry is the backbone of the economies of several SADC countries.
He noted that mining is characterized by booms and bursts with its cyclical nature of commodity prices. “In boom times, we have noticed that our governments have been calling for more benefits from the exploitation of mineral resources. This is a natural call as mineral resources belong to the peoples of the respective SADC countries and also very much in line with the respective National Constitutions.
MIASA fully appreciates this position. The question however, is what would be the best means or policies to archive maximum benefits from the mining industry, to grow the economies, create jobs, eradicate poverty, and improve the lives of millions while stimulating the private sector as the engine of growth,” he added.