Transcription of BRIEFING ON UPSTREAM AND DOWNSTREAM MINING …
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BRIEFING ON UPSTREAM AND DOWNSTREAM MINING …
BRIEFING ON UPSTREAM AND DOWNSTREAM MINING LINKAGESP ortfolio Committee on Trade and Industry20 August PROBLEM ISSUES AND SUMMARY POLICY INPUTSRESOURCE DRIVEN INDUSTRIALISATION WHAT DOES IT MEAN?Problem statement: how to leverage the comparative advantage from a national resource endowment to build a dynamic industrial economy which secures sustainable development, radical economic transformation and job creation. There are, inter-alia, five key areas which can be considered in the policy space: Providing cost plus output from the mines to local mineral processing / beneficiation enterprises. Ensuring that processing enterprises ( steel, petro-chemicals) pass down the benefits of any cost plus inputs to DOWNSTREAM national industry. Requirements (usually through licensing) that the MINING industry directly invests (or a tax is imposed) to ensure adequate investment in capital goods and related component manufacturing enterprises.
BRIEFING ON UPSTREAM AND DOWNSTREAM MINING LINKAGES Portfolio Committee on Trade and Industry 20 August 2014. 1
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