Pan African Resource Reporting Code
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Pan African Resource Reporting Code
The Pan-African Resource Reporting Code (PARC) is a standardized framework for public reporting of African mineral and energy resources. Developed under the auspices of the African Minerals Development Centre (AMDC), PARC aims to enhance transparency, consistency, and competence in the certification and reporting processes within the African mining sector. History PARC was developed as part of the African Minerals and Energy Resources Classification and Management System (AMREC), a tool designed to implement the Africa Mining Vision (AMV). The AMV, adopted by African Heads of State in 2009, seeks to optimize the utilization of Africa's mineral resources for sustainable development. The policy document for AMREC/PARC was approved by the African Union's Special Technical Committee in September 2021 and was subsequently endorsed by the Executive Council in February 2022. Objectives The primary objectives of PARC include: * Standardizing the reporting processes for mineral and energ ...
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African Union
The African Union (AU) is a continental union of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union. The bloc was launched on 9 July 2002 in Durban, South Africa. The intention of the AU was to replace the Organisation of African Unity (OAU), established on 25 May 1963 in Addis Ababa by 32 signatory governments; the OAU was disbanded on 9 July 2002. The most important decisions of the AU are made by the Assembly of the African Union, a semi-annual meeting of the heads of state and government of its member states. The AU's secretariat, the African Union Commission, is based in Addis Ababa. The largest city in the AU is Lagos, Nigeria while the list of urban areas in Africa by population, largest urban agglomeration is Cairo, Egypt. The African Union has more than 1.3 billion people and an area of around and includes world landmarks such as the ...
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Agenda 2063
Agenda 2063 is a set of initiatives proposed and currently under implementation by the African Union. It was adopted on 31 January 2015 at the 24th Ordinary Assembly of the Heads of State and Governments of the African Union in Addis Ababa. The call for such an agenda was first made by the 21st Ordinary Assembly on 26 May 2013, 50 years after the foundation of the Organisation of African Unity, as a plan for the next 50 years. The stated goals of the Agenda are economic development (including the poverty reduction, eradication of poverty within one generation), political integration (in particular through the establishment of a federal or confederate United Africa), improvements in democracy and justice, establishment of security and peace on the entire African continent, strengthening of cultural identity through an "African renaissance" and pan-African ideals, gender equality, and political independence from foreign powers. The ''First Continental Report on the Implementation of ...
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United Nations Framework Classification For Resources
United Nations Framework Classification for Resources (UNFC) is an international scheme for the classification, management and reporting of energy, mineral, and raw material resources. United Nations Economic Commission for Europe's (UNECE) Expert Group on Resource Management (EGRM) is responsible for the development promotion and further development of UNFC. Development Classification and management of natural resources such as minerals and petroleum are classified using differing schemes. In 1997, UNECE published the United Nations Framework Classification for Reserves and Resources of Solid Fuels and Mineral Commodities (UNFC-1997) as a unifying international system for classifying solid minerals and fuels. In 2004, the Classification was revised to include petroleum (oil and natural gas) and uranium and renamed the UNFC for Fossil Energy and Mineral Resources 2004 (UNFC-2004). In 2009, a simplified United Nations Framework Classification for Fossil Energy and Mineral Reserves a ...
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United Nations Resource Management System
The United Nations Resource Management System (UNRMS) is a voluntary global standard for managing natural resources sustainably. It is based on the United Nations Framework Classification for Resources (UNFC). UNRMS aims to support the Sustainable Development Goals (SDGs) by providing a comprehensive framework and methodology for resource progression, policy development, and financing. Background UNRMS is a sustainable resource management system developed by the United Nations Economic Commission for Europe (UNECE). It was created to address unsustainable resource supply and use patterns to mitigate environmental and societal impacts while ensuring long-term resource availability. The UNRMS was initiated in 2017 and goes beyond classification, offering a holistic approach to resource management. It promotes technologies for efficient resource discovery, recovery, and processing. The UNRMS is a significant step towards harmonizing economic, environmental, and social objectives in r ...
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Mining In Africa
The second-largest mineral industry in the world is the mineral industry of Africa, which implies large quantities of resources due to Africa being the second largest continent, with 30.37 million square kilometres of land. With a population of 1.4 billion, mineral exploration and production constitute significant parts of their economies for many African countries and remain keys to economic growth. Africa is richly endowed with mineral reserves and ranks first in quantity of world reserves for bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals (PGM), vermiculite, and zirconium. The Central African Mining and Exploration Company (CAMEC), one of Africa's primary mining enterprises, has faced criticisms for its unregulated environmental impact and minimal social stewardship. In the spring of 2009, retired British cricket player Phil Edmonds' assets were seized by the United Kingdom's government due to CAMEC's illicit association with former self- ...
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Natural Resource Management
Natural resource management (NRM) is the management of natural resources such as Land (economics), land, water, soil, plants and animals, with a particular focus on how management affects the quality of life for both present and future generations (stewardship). Natural resource management deals with managing the way in which people and natural landscapes interact. It brings together natural heritage management, land use planning, water management, Conservation biology, bio-diversity conservation, and the future sustainability of industries like agriculture, mining, tourism, fisheries and forestry. It recognizes that people and their livelihoods rely on the health and productivity of our landscapes, and their actions as stewards of the land play a critical role in maintaining this health and productivity. Natural resource management specifically focuses on a scientific and technical understanding of resources and ecology and the Life-supporting capacity of those resources. Env ...
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Resource Economics
Natural resource economics deals with the Supply (economics), supply, Demand (economics), demand, and Resource allocation, allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more Sustainability, sustainable methods of managing those resources to ensure their availability for future generations. Resource economists study interactions between economic and natural systems, with the goal of developing a sustainable and efficient economy. Areas of discussion Natural resource economics is a transdisciplinary field of academic research within economics that aims to address the connections and interdependence between human economies and natural ecosystems. Its focus is how to operate an economy within the ecological constraints of earth's natural resources.Encyclopedia of EarthArticle Topic: ecological economics/ref> Resource economics brings together and ...
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Resource Extraction
Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest, and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife. Natural resources are part of humanity's natural heritage or protected in nature reserves. Particular areas (such as Fatu-Hiva, the rainforest in Fatu-Hiva) often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components (something that can be used) found within the environment. Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as freshwater, air, or any living organism such as a fish, or it may be transformed by Extractivism, extractivist i ...
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