London: A major group of global investors has called for the creation of an international body to monitor and manage the world’s mineral resources. The proposed organization, known as the International Minerals Agency, would be modeled after the International Energy Agency and focus on improving transparency, sustainability, and accountability across the mining sector.

The call came from the Global Investor Commission on Mining 2030, a coalition representing investors managing more than 18 trillion dollars in assets. Members include major institutions such as PIMCO, ING Groep, Allianz Investment Management, Legal and General Investment Management, and the Church of England Pension Fund.

In a report released in São Paulo, the group urged governments and international organizations to e

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