The Compact outlines a number of commitments and undertakings by host governments and mining companies to realise the benefits outlined in the Africa Mining Vision.
At Cape Town’s annual Mining Indaba, the launch of an Africa Mining Vision (AMV) Compact ( AfricaMiningVision.org ) between African governments and mining companies has been announced.
Frank Dixon Mugyenyi, Senior Trade Advisor of the Department of Trade and Industry in the Africa Union Commission (AUC) delivered the keynote speech on behalf of H.E. Mrs Fatima Acyl at a specially hosted dinner hosted on Tuesday evening.
“This Compact is a concrete step forward in aligning key interests around the implementation of Africa Mining Vision with those of the business community,” read the Commissioner’s speech. “The goal of the Compact is to strengthen trust and mutual understanding of challenges as well as opportunities for implementing the Africa Mining Vision.”
The Compact outlines a number of commitments and undertakings by host governments and mining companies to realise the benefits outlined in the Africa Mining Vision. Its launch was acknowledged by Mr Simon Tuma Waku on behalf of the Mining Industry Association of South Africa (MIASA), representing Chambers of Mines from across the SADC region, who also addressed the dinner audience.
“The Compact which we are launching today contains a set of standards that would serve as a benchmark for companies and governments to assess performance, resulting in robust policies that cover a range of principles,” read Mr Mugyenyi.