Fri, 12 Feb 2016 09:29 - Updated Fri, 12 Feb 2016 09:29
South Africa: Mining Indaba ends
Cape Town - The 20th International Mining Conference, also dubbed Mining Indaba, which started last Monday in Cape Town, South Africa, wrapped up its works last Thursday.
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For four days, financiers, executives and entrepreneurs linked to the mining area analysed ways to overcome the difficulties faced by this sector at the level of the African continent and which has hindered the development of some countries.
The economic crisis the countries are facing, caused by the fall of the crude-oil price in the international market and other factors, was one of the main topics of the gathering.
On the other hand, several participants in the conference touched on issues like the need for countries to diversify the economies, create a strong private sector, infrastructures, tackling corruption and the idea that natural resources can solve all the problems.
Angola, represented in the meeting by the public National Diamonds Company (Endiama-EP) conveyed information relating to the country’s needs in the field of investments in the minerals sector and others, and also held meetings with different investors.
Despite the crisis that hits the country, Angola seized the occasion to publicise some of its projects involving other minerals and not just diamonds, aimed at attracting investments for the achievement of the goals outlined in the government’s National Development Plan (PND).
Mining Indaba, which ends this Thursday, is an opportunity for countries to discuss and analyse their respective situation in the domain of minerals and find ways to mitigate the impact of the international crisis.
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