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coVeR

Australian cure:

Africa heads

Down Under

for COVID

recovery plan

he global pandemic led governments across the world to reassess all aspects
T of their economies. On the African continent, while the widely expected health
catastrophe hasn’t eventuated, national economies have suffered as much as any.
As the world emerges from the COVID-induced fog, African governments are turning
to natural resources to lift them out of the crisis.

or some, this means liberalising both As part of its review, Paydirt sat down The elevated presence revealed the
Feconomy and political structures to wel- with visiting ministers from six African na- Ghanaian Government’s increasing asser-
come foreign investors for the first time. For tions to chart their post-COVID resources tive attempts to reverse a trend which has
others, it is about rebuilding international strategies. We also asked leading African- seen the industry continue to contribute but
reputations squandered during the political focused mining executives their thoughts new investment dry up.
upheavals of the 2000s. on the investment opportunities in each Ghana has struggled to find a suitable
Both examples were present at Africa country. balance between increasing mining’s ben-
Down Under (ADU) which welcomed 18 efits to local stakeholders with increasing
African ministerial delegations to Perth. Ghana the overall “mining pie”. While it hosts world-
The conference and the Australian mining class gold operations owned by majors
industry are seen as the ideal partner for Of the visiting African delegations, it was such as Newmont Corp, AngloGold Ashan-
resource development continent. Those Ghana that was most prominent with Min- ti Ltd and Gold Fields Ltd, there have been
views are reciprocated with more than 40 ister of Lands and Natural Resources Sam- few new developments in the last decade.
companies presenting and 76 exhibiting at uel Jinapor leading a delegation of more Jinapor declared the Government was
ADU, demonstrating the esteem ASX min- than 20 and hosting a “super-booth” on the focused on the “optimal” creation of wealth
ers and explorers hold the continent in. exhibition floor. to “benefit all stakeholders”.

Page 18 OCTOBeR 2022 aUSTRaLIa’S PaYDIRT