AMSG Private Sector Forum
1.0 Background
Future economic growth and prosperity requires a robust supply of minerals and metals to sustain the global demand. Furthermore, the urgent need for the energy transition is fueling the latest scramble for Africa’s minerals. Africa must therefore take advantage of the current scramble for Africa’s vast critical minerals and rare earth elements that will power new technologies essential for the future. To achieve this, African countries must work together and push for a common agenda on local beneficiation and access affordable long-term financing to create millions of jobs for Africa’s unemployed, increase capital formation in the industry and boost the GDP contribution of the mining sector.
The Africa Minerals Strategy Group (AMSG) was established by 16 African Governments to facilitate international cooperation in the minerals and mining sector among Member African nations and work closely with interested nations and strategic partners to explore investment opportunities and contribute to the future economic development of the mining sector in Member African countries. The goal of AMSG is to promote exploration, extraction, production, local beneficiation (value addition) and commercialisation to ensure a sustainable, transparent and secure supply of critical minerals, while protecting the environment and improving the quality of life of our population, to spur socio-economic transformation and prosperity of Africa, and support the energy transition.
The AMSG was founded by African Ministers of Minerals and Mining during the third Future Minerals Forum in Riyadh, Saudi Arabia. The Kingdom of Saudi Arabia is a Founding Partner of AMSG and has committed to secure supplies to meet Saudi Arabia’s current and future needs of Minerals and make mining investments through AMSG.
The Africa Minerals Strategy Group requires the cooperation and collaboration of Africa’s Private Sector in order to achieve the AMSG mandate/goal and to take advantage of the strategic partnership with the Kingdom of Saudi Arabia and other interested nations.
The Secretary-General of the Africa Minerals Strategy Group, His Excellency Moses Micheal Engadu has therefore established the Africa Minerals Strategy Group (AMSG) Private Sector Forum as a strategic platform to foster collaboration and cooperation between Member African Governments and the Private Sector to harness the full potential of the minerals and mining sector for mutual benefit.
2.0 Principle
The AMSG Private Sector Forum is founded on the principle that Public-Private Partnership and Collaboration is essential in unlocking Africa’s vast minerals potential for socio-economic development and to finding lasting solutions to pressing challenges affecting our continent.
3.0 Governance
The AMSG Private Sector Forum shall have a Board. The Board is the main governance body of the AMSG Private Sector Forum and is Chaired by the AMSG Secretary-General.
The role of the Board is to provide advice to the Secretary-General and to help the Secretary-General mobilize private sector companies to join, implement agreed initiatives, monitor and maintain accountability of the AMSG Private Sector Forum. Members of the Board are appointed by the AMSG Secretary-General on recommendations from the Board Nominations Committee.
The Board of the AMSG Private Sector Forum shall be composed of 25 Members with a majority of seats going to platinum members. Board Members are appointed on a duration to be determined by the Secretary-General who has sole authority in selecting and appointing AMSG Private Sector Forum Board Members.
Board Members are champions willing and able to advance the mission of the AMSG Private Sector Forum acting in a personal, honorary and unpaid capacity.
The Founding Board Members of the AMSG Private Sector Forum shall be appointed from the Platinum and Gold Members of the AMSG Private Sector Forum.
4.0 Membership
The AMSG Private Sector Forum is a Membership-based Initiative. The Forum Membership is open to all Companies operating in the Minerals and Mining Sector in AMSG Member States.
5.0 Meetings and Activities
The AMSG Private Sector Forum shall convene regular meetings, either in person or virtually to discuss progress, exchange information and plan collaborative initiatives.
The AMSG Private Sector Forum may establish working groups, task forces, committees or sub-committees to address specific areas of focus including but not limited to: Local Beneficiation, Mining Investments, Policy Alignment, Access to Affordable Financing, Infrastructure Development, Transparent Suppy Chains, Capacity Building and Skilling, Technological Advancement.
The AMSG Private Sector Forum shall participate, support and financially contribute towards the successful organization of AMSG Flagship Events and High-level Side Events.
6.0 Invitation
The AMSG Secretary-General invites all companies operating in the Minerals and Mining Sectors (directly and associated) in the 16 Founding AMSG Member States to join the AMSG Private Sector Forum to work together with the Governments to leverage and harness Africa’s vast natural resources for economic development. Companies in Mining, Energy, Infrastructure Development, Financial Services and Consultancy are especially encouraged to join to take advantage of the opportunities and engagements from the Strategic Partnership with Saudi Arabia and other interested nations.
7.0 Contact
For more information, membership and partnership, please contact:
H.E Moses Micheal Engadu,
Secretary-General
Africa Minerals Strategy Group
Email: [email protected]