Addis Ababa, Ethiopia— The Africa Minerals Strategy Group (AMSG) has taken a decisive step toward harmonizing the continent’s mineral resource management by unanimously endorsing the Pan-African Resources Reporting Code (PARC).
The announcement was made by Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, at the sixth AMSG inter-ministerial meeting, with the group’s Secretariat releasing the statement.
Addressing delegates, Dr. Alake underscored the urgent need for a consistent and transparent reporting framework to strengthen investor trust and elevate Africa’s mining sector on the world stage.
“A major obstacle to Africa’s mineral advancement has been the lack of a unified and transparent resource reporting system,” Dr. Alake remarked. “Such inconsistencies erode investor assurance, complicate asset valuation, and restrict access to development funding.”
He explained that the new code, crafted by the African Minerals Development Centre (AMDC) in partnership with PARC, is designed to align Africa’s resource reporting with established global standards.
Dr. Alake called on all member states to implement the code across both public and private exploration initiatives, describing it as the bedrock for credible, investment-ready project development.
Welcoming participants, Dr. Alake attributed the progress so far to the shared commitment of all member nations. He also revealed that Nigeria has finalized arrangements for President Bola Ahmed Tinubu to ratify the AMSG charter, encouraging other African mining countries to expedite their own ratification processes.
The meeting saw commendations from Liberia’s Minister of Mines and Energy, Wilmot Paye, and South Sudan’s Eruaga Jackson, who praised Dr. Alake’s leadership and diplomatic efforts in advancing AMSG’s vision at global platforms.
“Dr. Alake’s dedication has brought AMSG to international prominence, attracting key partnerships for Africa’s value-addition agenda,” noted Paye.
Support for the new code was echoed by The Gambia’s Minister of Petroleum, Energy & Mines, Nani Juwara, and Somalia’s Deputy Minister of Petroleum & Mineral Resources, Abdiwahab Abdi Omar, both describing it as a pivotal development for Africa’s mining industry and a testament to the African Union’s commitment to sectoral transformation.
Presenting the group’s annual budget, General Secretary Moses Engadu announced plans for AMSG to host side events at the United Nations General Assembly, the African Minerals Summit in Kenya, and the African Natural Resources and Energy Investment Summit in Abuja.
The ministers resolved to implement the reporting code within their respective countries and pledged to work collaboratively for its seamless adoption.
With this landmark decision, Africa’s mining leaders affirmed the continent’s readiness to attract increased investment, ensure fair resource valuation, and secure its place as a formidable player in the global mining sector.
By Taiwo Olatinwo | July 10, 2025
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