21/10/2026
Africa supplies the minerals the world needs.
With significant reserves of cobalt, bauxite, and manganese, Africa has an important role to play in the energy and digital transitions.
At the Mining in Motion Summit in Ghana, Secretary-General Mathias Cormann highlighted three priorities to help ensure Africa’s mineral wealth serves its future:
➡️ Unlocking investment. The continent only attracts around 10% of global exploration spending. Better geological data, predictable regulatory frameworks and due diligence standards can help boost investment. The OECD Due Diligence Guidance for Responsible Mineral Supply Chains provides an internationally recognised framework that helps companies and governments manage supply chain risks.
➡️ Creating more value locally. Currently 96% of minerals are exported raw or semi-processed. Regional economic corridors can enable the scale needed to make processing at home feasible, as shown in our work on the Lobito Corridor.
➡️ Strengthening mining tax systems. Transparent and predictable fiscal regimes can help countries fully benefit from their mineral resources. The Base Erosion and Profit Shifting (BEPS) in Mining Programme, a joint OECD-Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development initiative, has trained more than 3 000 government officials to tackle mispricing and profit shifting.
Through the Enhanced OECD–Africa Partnership, we will continue working with African partners to support the Africa Mining Vision and ensure that mineral resources contribute to better jobs, more opportunities, and higher living standards.