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Mutual beneficiation

In recent years, many emerging economies have looked to increase their domestic revenues from the mining industry. This has been attempted via taxes, royalties, state-ownership, local content quotas and increasingly local beneficiation programmes, as illustrated by comments from Jacob Zuma at the recent Forum for China-Africa Cooperation Summit, where he emphasised that African economies were looking to “prioritise beneficiation and value-addition”. It has also been endorsed by the African Union and regional bodies such as the Southern African Development Community (SADC).

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The Debswana joint venture between Botswana and De Beers gives other countries something to aim for

The objective of local beneficiation is for raw materials to be processed in the country in which they are mined rather than exported for beneficiation overseas.