In a major step towards standardising Africa’s mineral resource management, ministers under the Africa Minerals Strategy Group (AMSG) have unanimously adopted the new Pan-African Resources Reporting Code (PARC) a move championed by Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake.
Speaking at the sixth inter-ministerial meeting of the AMSG, Dr. Alake highlighted the need for a unified and transparent mineral reporting system to boost investor confidence and position Africa’s mining sector for sustainable global competitiveness.
“A critical challenge facing Africa’s mineral development is the absence of a harmonised and transparent mineral resource reporting framework across the continent,” Alake told delegates at the meeting. “This inconsistency undermines investor confidence, hinders proper valuation of assets, and limits access to development financing.”
The new code, developed through the African Minerals Development Centre (AMDC) in collaboration with PARC, is designed to align Africa’s resource reporting with international best practices. Alake urged member countries to adopt the framework for all government-funded and private-sector exploration projects, describing it as a foundation for credible, investor-grade project development.
The Minister’s leadership drew widespread praise from fellow African mining leaders. Liberia’s Minister of Mines and Energy, Wilmot Paye, and South Sudan’s representative, Eruaga Jackson, commended Alake’s drive and diplomatic skill in projecting AMSG’s mission at high-level global forums.
“Dr. Alake’s commitment has put the AMSG on the map, attracting global attention and vital partnerships for Africa’s value-addition agenda,” said Paye.
Welcoming participants to the meeting, Alake noted that the successes achieved so far are due to the collective dedication of all member countries. He revealed that Nigeria has completed all procedures for President Bola Ahmed Tinubu to formally ratify the AMSG charter — and encouraged other African mining nations to accelerate their own ratification processes.
The Gambian Minister of Petroleum, Energy & Mines, Nani Juwara, and Somalia’s Deputy Minister of Petroleum & Mineral Resources, Abdiwahab Abdi Omar, also endorsed the new reporting code, describing it as a strategic boost to Africa’s mining industry and a testament to the African Union’s commitment to sector reforms.
The ministers agreed to roll out the reporting framework in their respective countries and collaborate closely to ensure smooth implementation.
Presenting the AMSG’s annual budget, General Secretary Moses Engadu announced that the group will host side events at the United Nations General Assembly (UNGA), the upcoming African Minerals Summit in Kenya, and the African Natural Resources and Energy Investment Summit to be held in Abuja.
With this adoption, Africa’s mining leaders say they are sending a clear message: the continent is ready to attract more investments, promote fair valuation of its resources, and take its rightful place in the global mining arena.
