- Published: Friday, 14 October 2016 09:44
- Sourced by SolutionsTeam
Beneficiation a step in mineral processing is discussed at just about every conference centred on Africa’s economy. Countries on the continent generally export raw mineral materials, only to import the finished products. And business experts, economists and development organisations have for years been hailing local beneficiation processing the materials in the countries where they are mined as the answer to Africa’s economic challenges. Shawn Duthie, an analyst at Africa Risk Consulting, argues, however, that when it comes to the continent’s economic growth, the beneficiation of natural resources might not be the best approach after all. During a panel discussion at today’s Thomson Reuters Africa Summit in Cape Town, he highlighted alternative approaches ones that have worked for other developing nations in the past.