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Critical minerals: a curse or an opportunity for development

Africa

At the dawn of the millennium, there was much hope in Africa for sustainable development.

The birth of the AU and the New Partnership for Africa’s Development (Nepad) signalled a new “social contract” for Africa. With commodity booms, there was a moment when those African nations endowed with mineral resources were on a pathway to achieving their UN Millennium Development Goals (MDGs).

Sadly, a vicious cycle of regional conflicts, civil wars, the global financial crisis of 2008-9 and the collapse of World Trade Organization’s Doha develop- ment talks put an abrupt end to a viable African industrial development pathway and opened

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