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Africa squandering its golden opportunity - CEO

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Mark Bristow, CEO of Randgold Resources speaking at the world's largest conference dealing with mining investment, and Africa's biggest mining conference. (Rodger Bosch, AFP File)
Mark Bristow, CEO of Randgold Resources speaking at the world's largest conference dealing with mining investment, and Africa's biggest mining conference. (Rodger Bosch, AFP File)

Cape Town – African countries need to focus on long-term goals to unlock the potential of untapped gold reserves, according to Randgold Resources CEO Mark Bristow.

Speaking at the Mining Indaba in Cape Town on Tuesday, Bristow had harsh words for the short-term mindset of mining companies, investors and African governments.

“I believe we need to work together to find new mines,” he said. “We need to attract investors by proving to them that this is a place which is capable of returning real returns higher than elsewhere in the world and that supports fiscal stability and good governance.

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