Zuma warns west’s ‘colonial’ corporates

Good for Africa--and China.  Bad for America and Europe.

http://www.ft.com/intl/cms/s/0/7824cc28-83ed-11e2-b700-00144feabdc0.html#axzz2MZbowrIG

After Creating Dollar Exclusion Zones In Asia And South America, China Set To Corner Africa Next

http://www.zerohedge.com/news/after-creating-dollar-exclusion-zones-asia-and-south-america-china-set-corner-africa-next

Minister calls for control of Africa’s mines

The growing trend toward nationalization of strategic mining resources in many countries has the right intentions:  keeping the majority of the profits from at home, but it inevitably becomes counterproductive, as it discourages private sector investment (after all: no profits, no investment).  Nationalizing mineral and oil extraction industries become uneconomic pursuits due to bureaucratic inefficiencies and corruption, as the profits are diverted to the government and are not recycled to its citizens.  Eventually, these formerly economically sound mines and fields become depleted resources with dwindling output.

Lower output means higher prices for everybody.

http://www.businessday.co.za/articles/Content.aspx?id=175516

African Barrick Shares Hit as Mining Boom Triggers Tax Grab

Higher taxes imposed on miners = higher costs = higher mined commodity prices 

http://www.bloomberg.com/news/2011-07-06/african-move-to-cash-in-on-commodity-boom-weighs-on-mining-company-shares.html

Africa's share of mine deals triples

As I predicted, economic activity in Africa is picking up, as emerging markets' thirst for natural resources is unquenchable.

http://www.iol.co.za/business/international/africa-s-share-of-mine-deals-triples-1.1023853