Hidden Riches: CAR's Mining Industry

With almost a third of lands geologically favorable for minerals extraction given rich deposits prevalence spanning diamonds, gold and uranium but output restricted by inadequate infrastructure currently limiting sectoral contribution below 5% of GDP despite substantial hidden potentials waiting unlocked, responsible and inclusive mining development assumes urgent policy priority as government envisions conflict recovery planning over the medium term. However sustainable management necessitates governance enhancements encompassing licensing and revenue usage transparency, community rights protections and even regional cooperation pacts joining to attract risk capital against perceived turmoil by updating jurisdictional frameworks meeting highest ethical benchmarks improving baseline standings factoring ESG compliances integrating reflecting evolving priorities suiting global expectations.

Moreover, strategic skills development, technologies transfer through international joint ventures route experience encouragement and even medium enterprises fostering also hold merit on multiple fronts given immense value creations prospects the sector promises managed properly as a poverty alleviation tool improving livelihoods when best practices get institutionalized holistically factoring mutual interests simultaneously thus benefiting all stakeholders ultimately over long term.