The mineral sector should benefit all, even those who lose their land rights

What you need to know:

In many cases, people who lose land and other rights to natural resources may end up all the poorer, if expropriation of their rights, including compensation and resettlement, is not done properly;

There could also be adverse macro-economic consequences resulting from the natural resources (including mining), exploitation scenario. These include: Over-reliance on revenues from natural resources leading to neglecting investments in other, key or more technologically advanced, sectors; revenues from natural resources may be misappropriated to the detriment of the general economy and the larger interests of the population; the local populations may abandon key economic sectors such as agriculture, and focus on benefiting from natural resources; dangers of labour exploitation, including child labour, increase, as pupils have been known to abandon school to engage in mining in one way or the other; the promise of abundance may attract populations from other regions or countries leading to local social tensions, environmental destruction, conflicts; and finally, exports of natural resources may lead to an excess inflow of foreign currency, leading to the appreciation of the country’s own currency, making national exports uncompetitive, the so called “Dutch Disease”.

Zimbabwean businessman Wicknell Chivayo, his wife die in helicopter crash

The mineral sector should benefit all, even those who lose their land rights

What you need to know:

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