Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
Resource-based African Development Strategy - Partnership to Cut ...
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Growing <strong>African</strong> JRCs• The bulk of JRCs (Junior <strong>Resource</strong> Companies) operatingin Africa are from Europe and its settler colonies (Canada,US, Oz) which poses problems of political sustainability;• Need <strong>to</strong> facilitate the growth of indigenous explorationcompanies (JRCs) <strong>to</strong> build local buy-in & legitimacy;• Possible PRC-<strong>African</strong> JRC exploration partnerships?• Soquem (mineral DFI) in Canada successfully facilitatedthe growth of French-speaking JRCs in Quebec from1965, by identifying potential targets and taking up <strong>to</strong> 49%of the risk/equity- AfDB could establish an <strong>African</strong> Soquem<strong>to</strong> share risk and nurture local l participation i in mineraldevelopment?• Possible first sight (3 months?) on all new geo-surveydata?• National DFIs should also target indigenous investmentin<strong>to</strong> the mining inputs (supplier) sec<strong>to</strong>r;RADS Predominantly foreign mineral DFI isultimately politically unsustainable!<strong>Resource</strong>-<strong>based</strong> <strong>African</strong> <strong>Development</strong> <strong>Strategy</strong>
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