Wednesday, November 14, 2012

African mining sector has great job potential

According to experts and based on international research, the mining sector in Africa holds vast potential for the generation of new jobs that would spur economic growth and progress for many of the continent’s nations. But tapping the potential relies on cooperation between the government, the private sector, and the citizens. Already, the industry has faced some huge challenges, including the violent mining protests in South Africa.

Experts say that the enormous job potential in the region can have a multiplying effect on other employment opportunities. Researchers cite Peru’s mining policy as an example, where the development of the Yanacocha gold mine resulted into 14 jobs indirectly being created. The World Bank said that over 100 countries having mining activities in place, with nearly 30 million people employed in the sector. Job generation in the mining sector usually translates to jobs also created in supporting industries.

The International Council on Mining and Metals also cleared that mining pay is good, with many workers in the sector enjoying fringe benefits and improved staff welfare programs. Some of this benefits include upgraded mining sites equipped with Internet by satellite, entertainment systems, and a host of communications solutions for miners to stay in touch with their families.
 
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