In this article, Mark Dawe of Namibia’s Chamber of Mines makes an audacious claim. He says that “there has not been a single successful case in Africa of a majority state-owned mining company being operated successfully.” The reality is that such companies have customarily not been allowed to “operate successfully” under constraints imposed by the World Bank. Successive governments – despite early promises to nationalise effectively – have also been corrupted by the lure of foreign direct investments.
The article touches on matters of relevance to London-connected Anglo American, De Beers and Rio Tinto.
See http://www.minesandcommunities.org/11737.