1. The document discusses strategies for Africa to better harness its mineral resources potential through policies that transform mineral wealth into sustainable development. 2. It outlines the challenges including balancing short and long term needs, creating lasting wealth, equitable distribution, and governance. 3. The Africa Mining Vision provides a framework for Africa to achieve optimal exploitation of resources and use mineral rents to develop infrastructure and diversify economies.

1. The Stakes for Africa in Mineral Resources Development by Antonio M. A. Pedro Director, SRO-EA- Kigali, Rwanda

4. Profiling the Sector

11. Harnessing the Potential of Natural Resources: A Daunting Challenge for Policy Makers

21. What should inform policy responses?

24. Policy responses to a minerals-driven cycle (Richard Auty) Stage Character Macro effects Policy response Nascent Mineral investment flow Exchange rate pressure Create rent tax, build capital funds, establish revenue stabilization funds, grant Central Bank independence Youthful Rapid mineral expansion Exchange rate appreciation, Dutch Disease effects Sterilize windfall rents, expand domestic absorptive capacity Early-Mature Slowdown of output mineral Growing tax and foreign exchange constraints Substitute new tax sources, encourage domestic savings, promote sectoral diversification Late-Mature Decline in mineral output Persisting tax and foreign exchange shortages, rising unemployment Depreciate real exchange rates, boost skills acquisition

26. What characterizes the new paradigm?

34. Looking ahead: Can The AMV Deliver for Africa? Is it a wish list?

35. The Africa Mining Vision : “Transparent, equitable and optimal exploitation of mineral resources to underpin broad-based sustainable growth and socio-economic development”

54. In Conclusion

58. But, there is no easy panacea and universal recipe. However, for sure, without sound governance the wealth generated by mining is unlikely to be deployed effectively. The devil (if any) will be always in the detail!

59. Thank You!