Main Menu

Russia–Africa Summit: Minerals Could Become Foundation for Africa’s Prosperity and Development

Russian President Vladimir Putin, right, and Egyptian President Abdel-Fattah el-Sisi talk during their meeting in Sochi, Russia, Wednesday, Oct. 17, 2018. (AP Photo/Pavel Golovkin, Pool)

Russian experts have been actively involved in
the study of Africa’s subsoil resources for a long time. Many African countries
are enjoying the results of the work conducted by these experts and the fruits
of scientific activity that began back in Soviet times. Further development of
international cooperation could pave the way for the discovery of large
deposits and could provide benefits from Russia’s many years of experience in
offshore development, which is unique in many ways.

The session ‘Using Minerals in Africa for the
Benefit of Its Peoples’, which will be held on 24 October as part of the
Russia–Africa Economic Forum in Sochi, will focus on problems faced by the
mining industries.

Existing and emerging trends on the global
commodity market have a major impact on the development of the mining segment.
It is crucial for the industry to utilize advanced methods for the prospecting,
exploration, and production of raw materials as well as mineral processing, not
to mention the processing of mining waste. The development of water sources for
domestic consumption is also a particularly important social and economic
issue.

“Africa is going through a period of very high
activity in the extraction of minerals, primarily gold and oil. These efforts
could provide a huge impetus to the region’s economy, but a lot of work needs
to be carried out to properly apply them. It’s not only a matter of technology,
but also the protection of investments, the drafting of legislation, and an
overall reduction in risks for entrepreneurship. Russia has long established
itself as a strong and reliable partner. The experience of working with Russian
specialists is widely known on the African continent, and their reputation does
not need any additional advertising. Not only can we offer our friends
investments, but all our production and scientific potential as well”, Russian Minister
of Natural Resources and Environment Dmitry Kobylkin said. “And we are
interested in comprehensive cooperation uniting a wide range of industries and
areas of development”.

The discussion on the industry’s most pressing
problems will feature speeches by Dmitry Kobylkin, Minister of Natural
Resources and Environment of the Russian Federation; Sergey Gorkov, General
Director and Chairman of the Management Board of Rosgeologia; Vadim Kosyanov,
Rector of the Russian State Geological Exploration University named after Sergo
Ordzhonikidze (MGRI); Boris Ivanov, Managing Director of GPB Global Resources;
and Aleksander Ivanov, First Deputy General Director for Mining and Metallurgy
Projects at Vi Holding. The discussion will also include foreign experts and
business representatives: Samson Gwede Mantashe, Minister of Mineral and Energy
Resources of the Republic of South Africa; Francis Gatare, Chief Executive
Officer of Rwanda Mines Petroleum and Gas Board; H.E. Adil Ali Ibrahim,
Minister of Energy and Mining of the Republic of the Sudan; Peter Gatirau
Munya, Cabinet Secretary and Ministry of Industry, Trade and Cooperatives of
the Republic of Kenya; Viktor Radko, Chief Executive Officer of United
Manganese of Kalahari; and Aziz Rabbah, Minister of Energy, Mines and
Environment of the Kingdom of Morocco. The session will be moderated by Aleksander
Chernikh, General Director of the Central Research Geological Exploration
Institute of Non-Ferrous and Precious Metals (TSNIGRI).

The Russia–Africa Summit and Economic Forum
will take place on 23–24 October in Sochi at the  Sirius Park of Science and Art. The
events are being organized by the Roscongress Foundation, and the co-organizers
of the Russia–Africa Economic Forum are Russian Export Center and Afreximbank.

A detailed version of the Russia–Africa Economic
Forum programme is available at
: https://summitafrica.ru/programm/.

The post Russia–Africa Summit: Minerals Could Become Foundation for Africa’s Prosperity and Development appeared first on The Maravi Post.