Facebook Twitter Instagram
    Breaking News
    • Nigeria, France Deepen Ties On Trade, Security, Others
    • NECO Publishes Result Of 2025 BECE
    • TETFUND Warns Against Misappropriation Of Grants
    • Mining Ministers Adopt New Reporting Code
    • Nigeria Protests America’s New Visa Restriction Policy
    • DICAN CONFAB: EU Envoy, Security Experts To Lead High-Level Discussion
    • Sokoto Assembly Lauds Governor Aliyu For Collaborative Leadership
    • Nigerian Diplomat Dies In Guinea-Bissau
    Facebook Twitter LinkedIn Pinterest RSS
    The Outlook Nigeria
    Leaderboard Ad
    • Home
    • News
    • Politics
    • Environment
    • Education
    • Health
    • Business
    • Sports
    • Oil and Gas
    • Celebrity
    The Outlook Nigeria
    You are at:Home » Mining Ministers Adopt New Reporting Code

    Mining Ministers Adopt New Reporting Code

    0
    By Editor on July 10, 2025 Environment
    Share
    Facebook Twitter LinkedIn Email Telegram WhatsApp

    Chidimma Uchegbu – Abuja

    Mining ministers under the auspices of the Africa Minerals Strategy Group (AMSG), have resolved to adopt the new Pan-African Resources Reporting Code (PARC).

    Their resolution was reached at their sixth inter-ministerial meeting in Abuja.

    They praised Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake for his exemplary leadership qualities in piloting the affairs of the body.

    In their presentations, the Liberian Minister of Mines and Energy, Wilmot Paye and the representative of South Sudan Minister, Eruaga Jackson commended the minister for marketing the AMSG at various international conferences and drawing global attention to the campaign for value addition.

    They both appreciated Alake for bringing his expertise in communication and international diplomacy to boost the traction that has enabled international agencies to recognize and partner with the organization.

    Welcoming participants, the Minister of Solid Minerals Development, Dr. Dele Alake explained that the success achieved so far was the collective effort of all members.

    Dr. Alake while encouraging more African mining countries to join the AMSG, announced that the procedures for full ratification of the group’s charter by the Federal Republic of Nigeria have been completed for President Bola Tinubu to formally sign the charter.

    Alake also briefed the conference on the development of the African Mineral and Energy Resources Classification and Management System, AMREC, by the African Minerals Development Centre, AMDC, in collaboration with the Pan-African Resources Reporting Code, PARC.

    “A critical challenge facing Africa’s mineral development agenda is the absence of a harmonized and transparent mineral resource reporting framework across the continent. This inconsistency undermines investor confidence, hinders comparative valuation of assets, and limits access to development financing” the Minister emphasized.

    He urged the ministers to adopt the AMREC-PARC reporting code for all government–funded or state-led exploration programmes and private sector exploration projects.

    Alake while stressing on the advantages of the code,
    said it would establish a common reporting language, enhance the credibility of exploration results, align African resource reporting with global best practices, and provide an investor-grade foundation for project development.

    Also, the Gambian Minister of Petroleum, Energy & Mines, Nani Juwara and Deputy Minister of Petroleum & Mineral Resources of Somalia, Abdiwahab Abdi Omar appreciated the efforts of the African Union to elevate the mining reporting system by developing the framework.

    Earlier, the general secretary of AMSG, Moses Engadu announced plans to hold sideline sessions at the United Nations General Assembly, UNGA, the African Minerals Summit in Kenya and attend the African Natural Resources and Energy Investment Summit in Abuja, Nigeria.

    The ministers adopted the code and agreed to facilitate its implementation in their countries.

    Share. Facebook Twitter LinkedIn Telegram WhatsApp
    Editor
    • Website

    Related Posts

    Gov. Aliyu Pays Compensation On Lands Acquired For Development

    African Economic Conference 2022 Calls for Papers

    The Gambia Advances on Green Power Reform

    Leave A Reply Cancel Reply

    • Popular
    • Recent
    • Top Reviews
    October 11, 2023

    NECO 2023: 737,308 Score Five Credits In English, Mathematics

    June 30, 2022

    UK Media Barred From Reporting on Boy In Ekweremadu’s Case

    June 22, 2022

    Guber Candidate Faults INEC on Placeholder Claim

    July 10, 2025

    Nigeria, France Deepen Ties On Trade, Security, Others

    July 10, 2025

    NECO Publishes Result Of 2025 BECE

    July 10, 2025

    TETFUND Warns Against Misappropriation Of Grants

    9.3
    December 19, 2020

    Buhari vows to fight agents of destabilisation

    8.9
    December 19, 2020

    Laoreet Sed: Suscipit nec dapibus at elit

    7.5
    December 18, 2020

    In in augue lobortis, eleifend tortor et, varius

    Latest Galleries
    Latest Reviews
    9.3
    December 19, 2020

    Buhari vows to fight agents of destabilisation

    8.9
    December 19, 2020

    Laoreet Sed: Suscipit nec dapibus at elit

    7.1
    December 19, 2020

    Donec enim neque vulputate et commodo sed

    Copyright © 2025 TheOutlookNG. Powered by ETROG.
    • Home
    • About Us
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.