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Africa|Business|Mining
Africa|Business|Mining
africa|business|mining

Local beneficiation is good but it must make business sense

25th October 2024

By: Martin Creamer

Creamer Media Editor

     

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Once again, we are hearing government request more local value-addition to local minerals and metals. In fact, Africa, as a continent, seems to be singing from the same hymn sheet on continental beneficiation.

While it is wonderful to hear emphasis being placed on adding value at home, it must be borne in mind that it has to make business sense. Where it doesn’t, incentivisation is essential. Commodity value chains are long and many countries are well ahead of South Africa when it comes to closeness to the market.

China, for instance, has already largely captured that middle ground between mining and manufacturing. It is necessary to, wherever we can, use our metals and minerals to create local jobs but doing so will require collaboration with key players and considerable market friendliness.

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Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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