AMSG to address concerns, advocate for a unified approach to mineral development in Africa, says Alake

The Minister of Solid Minerals Development, Dele Alake has expressed that the establishment of the African Minerals Strategy Group (AMSG) is aimed at addressing common concerns and advocate for a unified approach to mineral development in Africa.

The Minster on the side-lines of the Future Minerals Forum in Riyadh, Saudi Arabia, with CNBC emphasized on the need for an end to mineral exploitation on the continent.

Alake, who is also the Chairman of AMSG that was formed 2024 called on stakeholders to speak with one voice to develop mineral resources and drive the green energy transition in Africa.

He noted that the challenges and opportunities in enhancing technological transfer and building manufacturing capabilities in the African mining sector

Alake stated that the establishment of the AMSG has been a significant step towards achieving this goal, providing a platform for African countries to collaborate and set common policies.

“This move towards uniformity aims to prevent mineral exploitation, promote local value addition, and drive technological transfer in the sector,” he said.

According to him, the global shift towards green energy has placed a spotlight on the importance of minerals such as lithium, cobalt, and nickel in powering the transition.

“With the increasing focus on sustainability, environmental issues, and corporate social responsibility (CSR), the need for collaboration and idea exchange among mining countries has become crucial,” he said.

The establishment of the AMSG has brought African Ministers of Minerals together to address common concerns and advocate for a unified approach to mineral development. By speaking with one voice, African countries can counter the historical trend of mineral exploitation and ensure that local communities benefit from the resources within their borders.

Alake emphasized the significance of local value addition, whereby minerals are processed locally to create employment opportunities and stimulate economic growth.

“Through the AMSG, Africa aims to assert its position in the global mineral market and attract responsible investments that prioritize sustainable practices.

“One of the key challenges highlighted by Minister Alake is the lack of technological capacity in Africa, despite the presence of skilled human resources. To address this gap, the AMSG is exploring partnerships with developed nations to facilitate technological transfer and enhance local manufacturing capabilities.

“By engaging with companies with expertise in technological innovation, African countries can build a sustainable mining sector that leverages advanced processes and equipment. This collaborative approach not only fosters economic growth but also promotes skills development and knowledge sharing within the industry.

“As Africa navigates the transition towards green energy and sustainable mineral development, the role of the AMSG in driving policy coherence and regulatory alignment will be pivotal. By fostering unity among African nations and promoting a shared vision for the sector, the group aims to reshape the narrative of mineral exploitation on the continent. With a focus on local value addition, technological transfer, and environmental sustainability, the AMSG is set to play a crucial role in shaping Africa’s mineral industry for the future,” he said.

 He noted that platforms like the Future Minerals Forum offer a valuable opportunity for stakeholders to come together, brainstorm, and address the challenges facing the industry. By aligning policies, regulations, and priorities, African nations can position themselves as key players in the global push for greener energy solutions.

Related Articles

Back to top button