In 2027, COP will return to Sub-Saharan Africa for the first time in 15 years. When historians reflect on this moment, Africa should be remembered not just as the host of another climate conference, but as the continent that helped redefine action at the intersection of climate and development transformation.

If this lofty ambition is to be realized, it will depend on how the continent comes together to leverage and govern its critical transition minerals. Around the world, governments and other non-state actors, especially the private sector, are investing trillions of dollars in clean energy technologies and infrastructure. Demand for the minerals needed for clean energy technologies is expected to continue rising sharply over the coming decades.

Africa is well placed to benefit from this new minerals boom, as it is rich in many critical mineral reserves. To name just a few examples: the Democratic Republic of the Congo remains central to global cobalt production; Zambia and the DRC anchor one of the world's richest copper belts; Guinea is indispensable to global bauxite supply; and South Africa continues to play a leading role in platinum group metals.

It is clear that the success of the global energy transition will depend significantly on Africa and her resources. Yet, there remains a real risk that Africa could be left looted unless the transition is deliberately designed to create value for the continent. This paradox defines our era.

Twenty years ago, the global resource governance movement transformed the conversation from one centered on extraction of resources to one focused on inclusive development through transparency, accountability and citizen participation. Organizations such as the Natural Resource Governance Institute (NRGI), together with governments, civil society and international partners, helped place accountability, transparency and better governance at the heart of resource management.

Today's challenge is different. Africa must not only govern its minerals better. It must negotiate its future better.

For more than three decades, the African Group of Negotiators (AGN) has helped shape international climate negotiations by advancing African priorities on adaptation, climate finance and Loss and Damage. COP32 now offers the opportunity to extend that leadership to one of the defining issues of this century: the governance and diplomacy of critical minerals.

Across the world, major economies are redesigning industrial strategies around secure mineral supply chains. The European Union's Critical Raw Materials Act, the United States-led Forum on Resource Geostrategic Engagement, China's International Economic and Trade Cooperation Initiative on Green Mining and Minerals and similar initiatives elsewhere reflect a profound geopolitical shift. Minerals are no longer simply commodities; they have become strategic assets. 

Africa's greatest strategic asset is therefore not simply its mineral endowment. It is its collective bargaining power. 

For too long, success has been measured by how many tons of minerals leave African ports. That is the wrong measure. Success should be judged by whether mineral wealth creates decent jobs, reliable energy systems, stronger public institutions, competitive industries, technological capability and lasting prosperity for African citizens.

This requires a new generation of mineral diplomacy. Not diplomacy centered solely on concession agreements, but diplomacy that connects climate ambition with industrial policy, infrastructure investment, technology transfer, regional integration and economic resilience.

But better deals alone will not deliver transformation. Without transparent institutions, accountable governance and public trust, even the most ambitious mineral partnerships will fail to deliver on their promise.

History has shown that mineral booms can fuel corruption, environmental degradation, elite capture and community conflict when governance is weak. Conversely, countries with transparent licensing systems, contract disclosure, beneficial ownership transparency, sound fiscal management, environmental accountability and meaningful citizen participation are better positioned to attract responsible investment. This enables them to convert mineral wealth into long-term development.

Governance is the defining key in this regard. Strong governance strengthens investor confidence while ensuring that mineral wealth contributes to sustainable and inclusive development. So, good governance is not an obstacle to investment. It is one of its greatest competitive advantages. The challenge before Africa is not to choose between negotiating better partnerships and strengthening governance, but to recognize that the two are inseparable.

The meetings of the parties under the UNFCCC, usually referred to as COP, have often been criticized for being heavy on talk and light on implementation. We are determined that COP32 should be different. It presents an opportunity for Africa to champion an African Minerals and Just Transition Compact—a practical framework that aligns climate ambition with development ambition and builds on existing African Union frameworks, including Africa’s Green Minerals Strategy, to strengthen coherence and collective action. The Compact would establish a new partnership between producer and consumer countries rooted in good governance and based on shared prosperity rather than simple resource extraction. 

We believe such a Compact should rest on four principles.

First, mineral partnerships should promote long-term economic transformation built on a clear, measurable ambition: by 2040, African countries should collectively double the share of value retained from their transition mineral resources. Estimates from the African Development Bank (AfDB) suggest that less than 20 percent of the total value of many mineral value chains is currently retained on the continent. Today, most African countries capture only a small fraction of the total value generated along mineral supply chains, often limited to royalties, taxes and low-value extraction activities, while the bulk of value accrues through processing, manufacturing and downstream industries located elsewhere. Doubling this share would thus require a more equitable capture of tax and fiscal revenues from mining, alongside harnessing increased value from processing and manufacturing. This in turn would depend on skills development, technology transfer, energy and infrastructure development and regional economic integration.

Second, Africa should focus on regional value chains instead of isolated national projects. By leveraging the African Continental Free Trade Area (AfCFTA), coordinated policies and strategic infrastructure, countries can collectively maximize the benefits of mineral development.

Third, climate and development finance must support mineral-producing economies in building productive capacity, not only in expanding extraction. Multilateral development banks (MDBs), climate funds and development partners should establish a dedicated facility, anchored in the MDB Joint Coordination Framework on Critical Minerals, with an initial capitalization of US$25 billion to provide concessional finance for geological data, renewable energy, transport corridors, industrial parks, research and innovation, governance reforms and workforce development. This figure reflects indicative estimates of the scale of investment required across priority areas, drawing on analyses by institutions such as the AfDB, IEA and World Bank on the infrastructure, industrial and governance investments needed to support mineral-based development.

Fourth, transparency, accountable institutions, contract disclosure, beneficial ownership, environmental stewardship and meaningful community participation must become defining features of responsible mineral partnerships.

To put this Compact into action, we will need to enter a new era of cooperation between producer and consumer countries. We believe there is momentum in this direction, and 2027 can be a turning point: leveraging the opportunities presented by African leadership of COP32 and UK leadership of the G20 to co-develop this new framework grounded in mutual accountability, local value creation and long-term economic transformation.

Remember, Africa does not seek to slow the global energy transition. On the contrary, our countries have contributed the least to climate change while experiencing some of its most severe impacts. Africa has every interest in seeing the transition succeed. But success cannot be measured only by the speed of global decarbonization. It must also be measured by whether the transition creates opportunity where the critical minerals originate. A fair and just transition is what Africa demands, and this Compact will help to deliver it.