NEWS

12.07.11
ICMM launches Mining: Partnerships for Development Toolkit

ICMM’s Mining: Partnerships for Development initiative focuses on enhancing mining’s economic and social contribution.

It supports the formal commitment made by ICMM member companies to actively support or help foster multi-stakeholder development-focussed partnerships in countries where they are active.

Mining is economically critical for millions of the world’s poorest people with some 50 countries being significantly dependent on mining. Yet mineral wealth does not always mean positive economic growth – the so-called “resource curse” theory.

In 2004, ICMM began the Resource Endowment initiative in collaboration with UNCTAD and the World Bank Group. It developed a substantial body of research on why some countries have avoided the “resource curse” and developed practical actions for companies, governments and civil society. 

It was overseen by an independent international advisory group including the Head of the UN Global Compact and a former Prime Minister of Senegal.

The Resource Endowment initiative showed that the “resource curse” is not inevitable. Mining investments can drive economic growth and reduce poverty nationally and locally.

However, companies alone cannot unlock the development benefits from mining – governance is key and multi-stakeholder partnerships can help fill capacity gaps.

The findings were based on the application of ICMM’s Resource Endowment Toolkit (April 2006) in four countries – Chile, Ghana, Peru and Tanzania. The toolkit has been now been revised, extended and re-published as the Mining: Partnerships for Development toolkit.

The new version of the toolkit responds to a clear need in different parts of the world for a more systematic and objective way to quantify and agree ways to enhance mining’s economic and social contribution.

It is currently being applied in a number of countries and can be used by mine managers and those interested in promoting economic and social development (host governments, development agencies and development-focused NGOs).

For more information on how to participate in this work, visit www.icmm.com/mpd or email us at info@icmm.com.

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

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