Project Overview
Project Description
The AfricaMaVal project aims to develop an EU-Africa partnership that will ensure responsible sourcing of mineral resources for the European industry while granting sustainable local co-development under the best Environmental, Social, and Governance (ESG) conditions and leading to a long-term business environment for European and African companies.
Indeed, while the development of the African mining sector will expand the availability of ECRM for EU supply chains, the increased investment and financing can allow the EU to exert leverage on raw material supply chain conditions in order to improve their sustainability profile.
This will be achieved for instance by linking sustainability requirements in project financing with recent consumer-driven trends of Environmental, Social, and Governance (ESG) investment and enhancing the integration of ESG challenges into business models. Besides, an additional emphasis will be placed on integrating the artisanal and small-scale mining sector (ASSM), which is highly relevant for livelihoods and local development in Africa.
More Information
Africa MaVal website