Not sure how accurate this is. To be honest I'm not that familiar with the situation in Africa. I do know there are non-African mining companies which have purchased land and mining that land. I know because I had shares of one of those mining companies. I'm guessing they paid good money for the land to the African government and I'm guessing they also hire locals to work the mines and wouldn't be surprised if they have to pay some sort of percentage of the value of the precious metals they mine. So what's wrong with that? If Africa has the know how and technology to mine themselves then why don't they do it? My guess is that they don't have the know how or the technology.
Not sure how accurate this is. To be honest I'm not that familiar with the situation in Africa. I do know there are non-African mining companies which have purchased land and mining that land. I know because I had shares of one of those mining companies. I'm guessing they paid good money for the land to the African government and I'm guessing they also hire locals to work the mines and wouldn't be surprised if they have to pay some sort of percentage of the value of the precious metals they mine. So what's wrong with that? If Africa has the know how and technology to mine themselves then why don't they do it? My guess is that they don't have the know how or the technology.