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Africa is one of the regions endowed with the world’s largest reserves of minerals including bauxite, diamonds, iron ore, gold, platinum, chromite, manganese and vanadium.2 As early as the 1980s this sector was identified as a key source for socio-economic growth. In an attempt to increase the contribution of the sector to socio-economic development, the World Bank (WB) and International Monetary Fund (IMF) implemented a number of economic and political reforms and initiatives in resource rich African countries from the mid-1980s to the 1990s. These reforms were meant to attract Foreign Direct Investment (FDI) and contribute to socio-economic development and they led to the liberalization of economies and the privatization of the mining industry across Africa3.

The Africa Mining Vision: A Panacea to the challenges of the African mining sector or another mirage?