Africa Must Manage the Sustainability of Its Mineral Resources

Africa has huge amounts of natural resources

The Chief Executive Officer of the Ghana Chamber of Mines, Dr. Toni Aubynn on Wednesday called on players in the extractive industry to effectively manage the sustainability of the mineral resources at their disposal.

This, he noted, would enable the African continent to develop at a pace that would be appreciable by all. “There is a crucial need for Africa to manage the sustainability of its mineral resources since mining has done a lot in the development of the continent,” noted Dr. Aubynn, at the media launch of the upcoming West African Mining and Power Conference & Exhibition (WAMPOC/WAMPEX) in Accra.

The event is billed to take place at the Accra International Conference Center from 6-8 June, 2012, and it is expected to bring together mining coys from Mali, India, China, Senegal, Ghana, Guinea, Nigeria, Burkina Faso, Niger, Cote d’Ivoire, Guinea Bissau, Liberia, Benin, Morocco, Belgium, Canada, Australia, Russia, Turkey, Ireland, U.K, Ireland, Italy, U.S.A, France, Germany, Poland and Thailand to showcase what they have to the rest of the world.

It is under the theme “Deepening partnerships for the sustainable development of Africa’s mineral and energy resources.” The event focuses on the development of mining in the West African sub-region.

It offers a platform for showcasing and discussing development trends of the global market, challenges and future prospects of Africa’s mining and energy sectors.

It also provides a platform for players in the extractive and power industries to network and share ideas on how to move the industries forward.

According to Dr. Aubynn, mining contributes a lot to the economies of the African states and would therefore be suicidal for players in the extractive industry to neglect managing the sustainability of the mineral resources, adding “it is important as a continent to have a vision for the mining industry.”

He, therefore, advocated strengthening local participation in the extractive business, especially, those in the supply chain, since it is an avenue that can boost the economic advancement of the country.

As a first step towards the commitment of his proposal, he said the Ghana Chamber of Mines, the Minerals Commission and the International Finance Corporation (IFC) has entered into a Memorandum of Understanding (MoU) where twenty-nine (29) key areas have been identified on how to deepen local participation in the extractive industry.

Commenting on the media launch, the Director of Events & Projects International, Nana Darkwa said “WAMPOC/WAMPEX is one of the most effective ways during which mining and other related products are marketed. It is the best platform to move the mining and power industries forward.”

Mr. Benjamin Aryee, Chief Executive Officer of the Minerals Commission on his part emphasized the need for mining coys to foster linkages in other to derive maximum benefits from the extractive business.

“With linkages, mining contributes significantly to the growth of the African continent,” he noted.

The Business Development Manager of the Volta River Authority (VRA), Kofi Ellis outlined how his outfit is embarking on clean sustainable energy to meet the growing demands of its clientele.

According to him, the VRA is looking at 150MW of wind power by 2014 – 2015 in addition to importing LPG where it would be turned to natural gas to provide affordable energy to fuel industries.

By Toni Aubynn