Economics - Panafrica - Mines
African countries review irresponsible mining contracts
Mineral-rich countries in Africa enjoyed a mining boom between 2002 and 2007 as metal and oil prices nearly tripled. Companies competed furiously for new mines to meet growing world demand. As a result, African nations found themselves in a much stronger bargaining position with foreign investors, who previously were able to demand — and get — huge breaks before they would invest.

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