NEWS
21.11.11
Gold Mining: a force for development
The World Gold Council and the World Bank’s Oil, Gas and Mining unit presented three reports on gold mining in Ghana, Tanzania and Peru at the Gold for Development conference in Washington, USA on 13 October 2011.
The aim was to highlight the importance of transparency and good governance, and public-private sector collaboration in the mining sector to ensure that revenues are invested efficiently and for the benefit of communities.
The conference was opened by World Bank’s Sustainable Development Vice President Rachel Kyte who, in a video-taped message, emphasized the need for all stakeholders to work together to increase the benefits of gold mining for the producer countries and particularly their local communities.
“Today’s event demonstrates that when public and private actors work in partnership, gold mining can have real and positive benefits for the communities around the mining sites and for the mining countries in general,” said Kyte.
“It is possible to make concrete progress when and wherever there is the political will and a robust regulatory framework to ensure that the revenues are well managed and invested in sustainable development.”
The conference was attended by some 100 representatives from government, the mining industry, academia, civil society and other relevant organizations. All were present to discuss ways of scaling up positive economic, social and human development impacts of gold mining.
For more information please visit:
World Gold Council and Sustainability:
http://www.gold.org/about_gold/sustainability/socio-economic/
World Bank's Oil, Gas and Mining unit:
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