sharing in governance of extractive industries
Many members of GOXI were in Toronto earlier this month for the Prospectors and Developers Association of Canada (PDAC) 2017 Convention. Building on the momentum of past Indaba events, the need for economic diversification, as well as local content were frequent topics of discussion in many of the sessions. Below is a list of four sessions including links to relevant reports and resources:
1. Integrating local content regulations: A win-win for communities and companies? Sunday, March 5th
This panel put on by the Mining Shared Value (MSV) initiative of Engineers Without Borders provided perspectives on local content regulations for the mining industry. Emily Nickerson of MSV opened the panel with an overview of their recent research study with CIRDI on local procurement regulations in South Africa a..., and laid out the increasing trends across Sub-Saharan Africa of local content regulations. Robin Weismann from the IFC spoke from the standpoint of a multilateral finance institution, and then Jan Klawitter from Anglo American provided the perspective from a mining company. Regrettably Toni Aubynn from the Ghana Minerals Commission was unable to attend PDAC as planned and MSV’s Jeff Geipel filled in by providing an overview of Ghana’s regulations for local content. Some insights that came out of the panel:
2. Transforming Mining into a Development Partner, Monday, March 6th
This session was put on by Hatch to showcase how they approach local participation in the development of mines. Olivia Gamache laid out how not ensuring local hiring and procurement during past mine development has resulted in significant delays and financial costs. She explained how the model they use to seek increased local participation is that of moving from “Informing” local stakeholders to “Empowering” them, and that this was the way to ensure that programming to increase local employment would succeed (even if empowering local stakeholders brought increased risk). She also explained that increased local participation was a central KPI for their team during mine construction.
3. The Economic Multiplier Effect of Mining, Tuesday, March 7th
This session organized by the IFC featured Liane Lohde from the IFC, Aiden Davy from the ICMM, Nick Cotts from Newmont, Olivia Gamache from Hatch, and Jeff Geipel from Mining Shared Value. There was broad agreement among the panelists that efforts to measure the employment impacts of mineral extraction need to become more sophisticated. This included insights on making programming to increase local hiring and procurement more systemic and less ad-hoc, and in going to the next level of detail in impact assessment – looking at not just the number of jobs created during mining but also the types and skill learning opportunities involved in them, for example. The panelists drew from a number of their own programs and research efforts, and links are provided below:
4. Leveraging mineral resources for economy wide growth, Wednesday, March 8th
This session was organized by the OECD and provided practical examples of how to ensure economy wide growth as a result of mining activity. Some highlights:
Of course local content and economic diversification was a consistent theme throughout the entire week of PDAC, beyond these summarized sessions. There was a great deal of focus on ensuring mining contributes to meaningful development during the Development Partners Institute-organized “Why partnering for development is the future of mining” session on Sunday morning with the CEOs of Anglo American and Hatch. During the “Where is the Trust?” Session, Oxfam America President Ray Offenheiser made the important point to the mining industry “You are being seen and expected as a development partner like never before”. Finally, the Executive Director of PDAC, Andrew Cheatle commented during the CEO Panel that wrapped up the CSR Event Series that the need to increase local procurement featured heavily throughout the sessions.
Please let us know if there was other sessions that had a heavy focus on ELLED-relevant themes, and we can adjust this post.
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