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Using Minerals in Africa for the Benefit of Its Peoples
24 October 2019
09:00—10:30
KEY CONCLUSIONS
The importance of the African resource potential is growing

The competition for some of the very scarce resources today reveal that Africa is becoming very attractive and competitive in certain markets. Without a doubt, the point of our relations today is to develop the potential that already exists and create wriggle room for the future — Dmitry Kobylkin, Minister of Natural Resources and Environment of the Russian Federation.

Africa is rich in resources and leads in a number of minerals, such as bauxites, gold, phosphorites, and diamonds — Sergey Gorkov, General Director, Chairman of the management Board of Rosgeologia».

We are aware of the incredible resource potential that exists in Africa in terms of its minerals — Alexander Chernikh, General Director, Central Research Geological Exploration Institute of Non-Ferrous and Precious Metals (TSNIGRI).

We have to understand the integral role the natural resources play in the development of the world in general. There is not a natural resource that would not contribute to the comfort of our lives — Francis Gatare, Chief Executive Officer, Rwanda Mines, Petroleum and Gas Board.

Russia is a reliable partner for Africa

Over the past three decades relationship between Russia and our country has been very pleasant, and we would like to thank President Vladimir Putin for maintaining this relationship — David Francis, Chief Minister of the Republic of Sierra Leone.

During the past 2 years we have invested USD 9 million that went towards building roads, developing water supply infrastructure, building canteens and schools in rural areas, furnishing computer classes, handing out university scholarships for the talented youth, and more — Viktor Radko, Chief Executive Officer, United Manganese of Kalahari.

Africa improves its investment attractivity

For the 50 years since we gained independence and until 2010, we have attracted no more than 5 billion in investments. However, during the last 10 years, thanks to our reforms we have reached USD 10 billion — Abdoulaye Magassouba, Minister of Mines and Geology of the Republic of Guinea.

ISSUES
Lack of adequate social effect from resource profits

We understand there are tensions in many countries of our region because the people that live in the oil and mining fields do not feel they get any share of the industry’s profits. That is why it is paramount to build social infrastructure, like schools and other socially important elements — Aziz Rabbah, Minister of Energy, Mines and Environment of the Kingdom of Morocco.

The businesses should contribute to the development of those communities in direct proximity to the fields. Currently, there are difficulties between population that lives by the field and the companies that develops the field — Adil Ali Ibrahim, Minister of Energy and Mining of the Republic of the Sudan.

Insufficient exploration of the territory

In Kenya we do not explore enough, we got room for improvement. When we look at the potential of the country, we understand how enormous it is. Prospecting surveys reveal there are deposits of high-quality gold in the country’s West — Christopher Kiptoo, Principal Secretary, Ministry of Industry, Trade and Cooperatives of the Republic of Kenya.

We know what to do with underexplored territories. Africa is such territory and – surprisingly – Russia is still such territory. Our exploration level is 3 times lower than that of Canada and Australia — Evgeny Kiselev, Deputy Minister of Natural Resources and Environment of the Russian Federation - Head of the Federal Agency for Mineral Resources .

Lack of financing

New geological exploration instruments are in demand. The old tools are not enough anymore. The main problem we are facing right now are limited financial resources for geological exploration. This concerns most African countries — Sergey Gorkov, General Director, Chairman of the management Board of Rosgeologia».

Violating environmental standards

Apart from social responsibility, business must be environmentally conscious. For the majority of African countries that mine gold this is a huge problem — Boris Ivanov, Managing Director, GPB Global Resources .

SOLUTIONS
Improving the legislature

Everything that has to do with legislature and regulation plays the key role in finding the proper balance between investments and benefits for the country — Francis Gatare, Chief Executive Officer, Rwanda Mines, Petroleum and Gas Board.

Cooperating with competent and socially conscious partners

Our company possess notable competences that allow us to compete with our colleagues in the industry and we are ready to share them — Vladimir Marchenko, Vice-President, ALROSA.

When we search for new ways of uranium extraction, we look for innovative, environmentally friendly and safe solutions. It is not purely economical, it is a moral choice for us — Marina Liborakina, Deputy General Director for Corporate Development and Communications, Techsnabexport.

Accounting for territorial specifics

Africa is a self-sufficient, independent, sizeable, living business-organism with a wealth of particulars and traits. Without taking them into account it is not possible to work in the country — Boris Ivanov, Managing Director, GPB Global Resources .

The material was prepared by the Russian news agency TASS