Africa mining vision private compact : a new approach to cooperation in Africa’s extractives sector

Abstract

The Africa Mining Vision(AMV) Private Sector Compact is based on twelve principles with mutual obligations and mutual benefits, covering areas such as Payment of mineral rents and royalties; Transparency of agreements and legal frameworks; Commitment on both sides to address bribery and corruption; Support and resourcing of national geological surveys; Human capacity development by companies, mirrored by improved education provision by the state; Collaborative strategies for artisanal and small scale mining ; Public participation; Innovative public private partnerships; Environmental sustainability. The Compact aims to incorporate mining companies into the AMV process and close existing gaps between mining communities, the private sector and governments. It primarily targets extractive companies including oil and gas, Chambers of Mines and other mining associations.