Chad has adopted the Mining Policy and Mining Code aligned to the Africa Mining Vision (AMV).
This follows a validation workshop to ensure that the reviewing processes of key governance tools of the Chadian mining sector are in line with revised AMV principles and the development objectives of the country.
The AMV is the continent’s response to tackling the paradox of great mineral wealth existing side by side with pervasive poverty on the continent adopted by African heads of state in 2009.
It outlines the roadmap to a transparent, equitable and optimal exploitation of mineral resources for the sustainable growth and socio-economic development in Africa.
The workshop was attended by more than fifty multi-sector participants ranging from lawyers to experts on mining and petroleum taxation and on environmental law; international finance, economics and public-private partnerships specialists; geologists; strategy and local content specialists; and members of the inter-ministerial Committee working on the process of reviewing the Chadian mining governance.
The participants reviewed the draft Mining Policy and Mining Code to ensure changes will contribute to AMV’s goal.
The new law aims to sustainably grow the country’s mining sector and making it ecologically and socially responsible in line with the Chadian government’s call for reform in the sector.
“Chad wants to make the organization and modernization of the mining sector one of the keys of the diversification of its economy,” said Bechir Madet from the Ministry of Petroleum.
According to Professor Martin Ndende of the Economic Commission for Africa’s (ECA) Capacity Development Division which co-organized the workshop, the strengthening of the capacity of countries to manage geological and mining information is necessary to achieve this goal.
Other co-organizers of the validation workshop were the Government of Chad; Coalition for Dialogue in Africa; and the African Minerals Development Center.
Chad will also serve as a sub-regional and regional reference in the implementation of the AMV principles.
The country joins Malawi which aligned its Mining Regulations and new Petroleum Policy to the Africa Mining Vision (AMV) in August 2016.