Need for mining’s reinvention as critical economic pillar – Biti

February 9, 2016

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Mining needs to be reinvented as a mutually transformative win-win for countries and companies to put an end to the resource curse, which has destroyed the collective creativity of resource-rich economies, causing them to fall behind their resource-poor counterparts, former Zimbabwe Finance Minister Tendai Biti said on Tuesday. Speaking at the 2016 Investing in African Mining Indaba, Biti outlined how Africa’s 24 countries reliant on minerals as the dominant economic driver continually lagged the continent’s mineral-poor countries in terms of gross domestic product (GDP) per capita and the Gini coefficient.

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