NEWS

01.11.06
Oxfam America contribute to Resource Endowment debate

Raymond Offenheiser, President of Oxfam America, has sent a letter to ICMM providing detailed feedback on the Resource Endowment initiative.

Phase 3 of ICMM’s Resource Endowment (RE) initiative was launched at the Brookings Institution in Washington DC in June 2006. A cross-sector audience of senior government, business and civil society representatives attended the launch, including Mr Offenheiser.

He acknowledges the ‘interesting information and key questions’ explored by the Resource Endowment initiative, and thanked ICMM for its ‘constructive dialogue’. However, he goes on to express ‘concerns about the research’s methodology’, and highlights issues which need to be ‘analyzed and debated further’.

ICMM’s President Paul Mitchell responded to Oxfam suggesting that some of its concerns related to ‘differing perspectives on the part of our respective organizations’, while others may have been a result of ‘misperceptions concerning (the project’s) methodological approach or the substance of the publicly available outputs’.

SUSTAINABLE DEVELOPMENT FRAMEWORK

Principle 09:

Contribute to the social, economic and institutional development of the communities in which we operate

Principle 01:

Implement and maintain ethical business practices and sound systems of corporate governance.

© International Council on Mining and Metals 2008. The ICMM logo is a trade mark of the International Council on Mining and Metals. Registered in the United Kingdom, Australia and Japan.