Morocco has introduced an innovative initiative aimed at transforming the global mining sector with a focus on sustainability and responsible resource management. During her address at the 4th International Mining Ministers Meeting in Riyadh, Leila Benali, Morocco’s Minister for Energy Transition and Sustainable Development, unveiled a proposal for a new mining framework, the “OTC Corridor,” which stands for Origin, Transit, and Certification.
The proposed framework is designed to promote sustainable practices across the mining industry, integrating cutting-edge technologies, robust legal frameworks, and advanced systems to facilitate competitive and environmentally-friendly production. In addition to fostering innovation, the model aims to reduce trade barriers to ensure the smooth transportation of raw materials while implementing strict sustainability regulations to minimize the environmental impact of mining operations.
Benali highlighted Africa’s significant share of the world’s critical mineral reserves, noting the continent’s vital role in global industries such as renewable energy and electric vehicle manufacturing. Despite holding 55% of the world’s cobalt, 47.65% of manganese, and 5.9% of copper, Africa faces considerable challenges in unlocking the full economic potential of these resources. According to Benali, the continent currently generates only 40% of the revenue it could from its mineral wealth due to issues such as poor governance, infrastructure deficiencies, and the lack of value addition.
The Minister stressed the importance of responsible mining practices that respect social rights, including the protection of vulnerable groups such as children from exploitation. She also called for increased investment in research and development, particularly in recycling, water resource management, and efforts to reduce the mining sector’s environmental footprint.
Concluding her remarks, Benali reaffirmed Morocco’s commitment to collaborating with international partners to turn the challenges of the mining industry into opportunities for sustainable growth. Morocco, she said, is eager to take a leadership role in fostering responsible mineral value chains that can drive economic prosperity while safeguarding the environment.
The Riyadh summit, attended by officials from 85 countries and leaders of international organizations, underscored the growing importance of sustainable mining practices in meeting the world’s resource demands. Attendees also recognized key advancements made in 2024, including the establishment of three regional Centers of Excellence in Africa, Western Asia, and Central Asia, with Morocco’s Mohammed VI Polytechnic University playing a pivotal role in training young professionals in eco-friendly mining techniques.