Australia can still add value to African mining - Carr
PERTH (miningweekly.com) – Australian Foreign Affairs Minister Bob Carr on Wednesday reiterated that the country had significant extraction experience which it could share with African counterparts.
Speaking at the tenth yearly Africa Downunder conference, in Perth, Carr told delegates that Australian companies were involved in some 700 resource projects in 42 African countries, with more investment on the cards.
He noted that the increased political stability across the continent had lead to improved governance across Africa, which, in turn, had led to economic benefits.
“We made comment last year that Australia’s future is with the Asian center, but we have to balance that with what is currently happening in Africa. Attention must be paid to what is happening in Africa,” Carr said.
The Minister pointed out that over the past ten years, real income across the African continent had increased, on average, by some 30%.
“In eight of the past ten years, Africa has grown faster than East Asia, and we in Australia have been struck by the story in East Asia, the rising income and advantages it has offered, and we are seeing the same story in Africa today.”
Carr pointed out that Australian companies were well equipped to assist their African counterparts in extraction services, as well as operational transparency in the resources sector.
“The Australian public has insisted that our mining be transparent and environmentally responsible, and our labour movement has insisted on the highest standard of occupational health and safety,” Carr said.
The Minister said that the largest chunk of business between Australia and Africa was not resources extraction, but knowledge transfer.
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