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Utilizing mining and mineral resources to foster the sustainable development of the Lao PDR
The Lao PDR report represents the fifth country case study to be produced by ICMM and pioneers the application of ICMM's Mining: Partnerships for Development Toolkit, which outlines systematic methodology for measuring mining's positive and negative economic and social contribution.
The study found that mining is making significant contributions to development outcomes at both the local and national levels.
In recent years, mining has come to represent 80% of FDI in this mineral rich country. It is a huge foreign exchange earner with mining providing 45% of total exports, 12% of government revenues and 10% of national income. The benefits have also been complemented at the local level by stimulating markets and enhancing incomes.
The study identified key challenges moving forward, inlcuding ensuring public financial management is predictable and transparent, and insulated from changing international commodity prices.
The case study was sponsored by ICMM's first Chinese member company, MMG, and the government of Lao PDR has broadly accepted all the findings of the report. It is jointly published by ICMM and the Ministry of Energy and Mines as well as the Ministry of Planning and Investment.
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SUSTAINABLE DEVELOPMENT FRAMEWORK
Principle 09:
Contribute to the social, economic and institutional development of the communities in which we operate.
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