The scramble for African mining by world economic powers: Concern for Africa’s

Maria Chinecherem UZONWANNE

Abstract


Abstract. Mining has become a very lucrative business for the global economic powers. On the African continent, this seemingly opportunity for developing African countries like Nigeria, Ghana and South Africa that enjoy huge mineral deposits comes with its repercussions in relation to their respective economic performances as they open their doors to selected top economies of the world. This paper therefore looks at the general mining environment on the continent as a whole, narrowed down to specialized countries of Africa on coal mining, crude oil and gold mining with emphasis in the South African, Nigerian and Ghanaian context. Using descriptive research design and the correlation method of analysis, this conceptual paper identifies that with the Africa mining industry is becoming more scrambled for and this has left wavering relationship with the economic growth on the African continent despite the improvements on the economies of the scramblers. As recommendation however, the study suggested that the various governments in Africa should review some obsolete negotiation terms which are against the modern realities in the mining sector so as not to be overtaken by events as they open their doors to foreign investors in the mining sectors.

Keywords. Africa, Mining, Mineral Products, Correlation, Economy, Scramble.

JEL. F66, F10, F13.

Keywords


Africa; Mining; Mineral Products; Correlation; Economy; Scramble.

Full Text:


References


Adekeye, J.I.D. (1999). Solid minerals development: Nigeria’s economic mirage. Earth Sciences Research Communications, 1(1), 10-24. doi. 10.12691/ajmm-4-1-3

Adekeye, J.I.D. (2010). Impact of conflict on mining in Nigeria. In I.O. Albert & O.N. Olarinde (Eds). Trends and Tensions in Managing Conflicts. (pp.254-263), Society for Peace Studiesand Practice (SPSP). Ibadan, Nigeria.

Adeniyi, I.O., Adeleke, M.O., & Olabode, O.A. (2013). Legal regime for exploring solid minerals for economic growth in Nigeria. Journal of Canadian Social Science. 9(5), 67-77. doi. 10.3968/j.css.1923669720130905.2544

Adonike, K.C. (2019). Analysis of Nigeria-China bilateral trade relations: Implications for economic growth in Nigeria (Unpublished master’s thesis proposal). Nnamdi Azikiwe University. Awka.

Africa Mining IQ (2019). Coal Mining in South Africa. Accessed on 31/12/2019. [Retrieved from].

Agbesinyale, P. (2003). Ghana’s gold rush and regional development: The case of the Wassa west district of Ghana. SPRING Research Series, No.44.

Akabzaa, T. (2000). Boom and Dislocation: The Environmental and Social Impacts of Mining in the Wassa West District of Ghana. TWN, Africa.

Akongwale, S., Ayodele, O.S., & Udefuna, P.N. (2013). Economic diversification in Nigeria: Any role for solid mineral development? Mediterranean Journal of Social Sciences, 4(6), 691-703. doi. 10.5901/mjss.2013.v4n6p691

Alison-Madueke, D. (2009). Opportunities in Nigeria’s Minerals Sector. Ministry of Mines And Steel Development, Abuja, Nigeria, 22nd April 2009.

Amponsah-Tawiah, K., & Dartey-Baah, K. (2015). The mining industry in Ghana: A blessing or a curse, International Journal of Business and Social Science, 2(12), 61-70.

Aranda, J.L.G. (2019). Characteristics of the Mining Industry in Africa. Accessed on 31/11/2019. [Retrieved from].

Atangana, E.M., Adamou, M.S.D., & Njie, P.K. (2016). An empirical analysis of the effects of monetary policy on economic growth in Cameroon. Merit Research Journal of Business and Management, 4(2), 9-17. doi. 10.2478/jcbtp-2018-0015

Bridge, G. (2008). Economic Geography: Natural Resources. In: International

Deaton, J.B., & Niman, E. (2012). An empirical examination of the relationship between mining employment and poverty in the Appalachian region. Applied Economics, 44, 303-312. doi. 10.1080/00036846.2010.505558

DMR, (2010). Amendment of The Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Mineral Industry, Pretoria: Dept. of Mineral Resources Press.

Down, C.G., & Stocks, J. (1977). Environmental Impact of Mining. London: Applied Science Publishers.

Economic Commission for Africa, (2011). Minerals and Africa’s Development: The International Study Group Report on Africa’s Mineral Regimes. Addis Ababa.

Feder, G. (1983). On exports and economic growth. Journal of Development Economics, 12(2), 59-73. doi. 10.1016/0304-3878(83)90031-7

Ghana Chamber of Mines, (1998). Annual Chamber of Mines Report. Accra, Ghana.

Harrington, J., McGlashan, N.D., & Chelkowska, E.Z. (2003). A century of migrant labor in the gold mines of South Africa. The South African Institute of Mining and Metallurgy, 104(2), 65-71.

Jhingan, M.L., & Sharma, C.K. (2008). Environmental Economics: Theory, Management and Policy. Indian, Vrinda Publications Ltd.

Kesse, G.O. (1985). The mineral and rock resources of Ghana. Journal of African Earth Sciences, 7, 601-610.

KPMG, (2013). Mining in Africa Towards 2020. 2013 KPMG Services Proprietary Limited. [Retrieved from].

Kurečić P., & Seba, M. (2017). The Resource Curse in Sub-Saharan Africa: A Reality Corroborated By the Empirical Evidence. Accessed on 31/12/2019. [Retrieved from].

Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. doi. 10.1016/0304-3932(88)90168-7

Madeley, J. (1999). Big Business, Poor People’s: The Impact of Transnational Corporations on the World's Poor. London New York: Zed Books.

Michaels, G. (2011). The long term consequences of resource-based specialization. The Economic Journal, 12(1), 31-57. doi. 10.1111/j.1468-0297.2010.02402.x

Ngobese, S.S. (2015). Examining the socio-economic impact of mining on the livelihoods of Amajuba district mining communities (Unpublished dissertation). University of Kwazulu. Natal.

Ogunmuyiwa, M.S., & Ekone A.F. (2010). Money supply - economic growth nexus in Nigeria. Journal of Social Science, 22(3), 199-204. doi. 10.1080/09718923.2010.11892802

Tsikata, F.S. (1997). The vicissitudes of mineral policy in Ghana, Resource Policy, 23(1), 9-14. doi. 10.1016/S0301-4207(97)00006-8

Tyler, M. (1981). Growth and export expansion in developing countries: Some empirical evidence. Journal of Development Economics, 9(1), 121-130. doi. 10.1016/0304-3878(81)90007-9

United Nations Economic and Social Council, (2009). Africa Review Report on Mining. Economic Commission for Africa Committee on Food Security and Sustainable Development (CFSSD-6)/Regional Implementation Meeting (RIM) for CSD-18. Addis Ababa. [Retrieved from].

Wauntai, P.S. (2017). Role of internal control systems on the security of state corporations assets in Kenya (Unpublished Thesis Proposal). KCA University, Kenya. [Retrieved from].




DOI: http://dx.doi.org/10.1453/jeb.v7i1.2023

Refbacks

  • There are currently no refbacks.


.......................................................................................................................................................................................................................................................................................................................................

Journal of Economics Bibliography - J. Econ. Bib.  - JEB - www.kspjournals.org

ISSN: 2149-2387.

Editor: jeb@ksplibrary.org  Secretarial: secretarial@ksplibrary.org  Istanbul - Turkey.

Copyright © KSP Library