ICMM members recognize:•research undertaken as part of the ICMM-led ResourceEndowment initiative since 2004 has highlighted thesuccess factors which allow investment in mining andmineral resources to be a significant driver of economicgrowth and poverty reduction and to help catalyze growth inlow income countries (see www.icmm.com/resource-endowment)•investment in mining and mineral resources does notalways lead to positive social and economic outcomes. Ananalysis for the Resource Endowment initiative of 33mineral dependent countries carried out in 2004 showedthat while around half had been broadly successful when judged against a range of socio-economic indicators, theother half had performed poorly, with many of thesecountries experiencing difficulties associated with the‘resource curse’. This calls for greater effort to applyproven success factors as mining investment takes place•finding ways to enhance mining and minerals’ social andeconomic contribution is more important than ever. Forexample, a United Nations Development Programme(UNDP) Human Development report from 2007/08estimated that there are around 1 billion people living onlessthan one dollar per day, while40% of the world’spopulation – or 2.6 billion people, are living on less than 2dollarsper day•research indicates that the most important determinant ofwhether mining will contribute to economic growth andpoverty reduction is the overall governance framework,both corporate and sovereign. The Resource Endowmentinitiative findings point to the importance of sound publicsector management by national and regional governmentsand sound corporate governance•partnerships between companies, governments,development agencies and civil society can help fill capacityand governance gaps where necessary and can also help toexpand, broaden and deepen the overall socio-economiccontribution from mining and metals investments. Thesepartnerships can drive progress on issues that companiesacting alone may not have the capacity or mandate toaddress. ICMM and its partners have identified thefollowing six priority themes:
Mining and poverty reduction
Mining and economic development – revenuemanagement
Mining and economic development – regionaldevelopment planning
Mining and economic development – local content
Mining and social investment
Mining and dispute resolution.Each of the six themes is described at
(first published in Ways Forward, Resource Endowmentspotlight series 03 in April 2006).
Inaddition to existing commitments under the ICMMSustainable Development Framework, ICMM membercompanies commit to actively support or help developpartnerships with other stakeholder groups with the aimof enhancing the social and economic contribution ofmining through development partnerships. In practicalterms this means:1
,members companies can eitherindividually or collectively through ICMM:•publicly and prominently support ‘Mining:Partnerships for Development’. This will constitute ahigh profile statement of willingness to work withdevelopment agencies, host governments, civil societyorganizations, and local communities to enhance miningand metals’ contribution to social and economicdevelopment (and is in line with ICMM’s overall goal ofworking in partnership with stakeholders across therange of sustainable development issues.)•at appropriateinternational fora, actively encouragedevelopment agencies, governments, and civil societyorganizations to support ‘Mining: Partnerships forDevelopment’. In practical terms, this will meanencouraging such stakeholders to join with industry indeveloping partnerships across one or more of the sixpriority themes set out above.
national and community levels
,for major miningprojects or major potential investments in regions wheresocio-economic outcomes are highly uncertain or wherethere are significant opportunities to enhance suchoutcomes, member companies commit to:•develop an understanding of the social and economiccontribution of the project, including an analysis of thebarriers that might weaken this contribution•actively support or help develop partnerships orcollaborations with other stakeholder groups across oneor moreof the six priority themes, with the aim ofensuring the project’s full potential socio-economiccontribution is realized. Stakeholder groups with whomsuch partnerships will be developed may include keyinternational agencies (such as the UN Agencies, theWorld Bank Group, and bilateral donors), hostgovernments, civil society organizations, and localcommunities.
global, national and community levels
,membercompanies commit to:•review, at suitable intervals, the relative success of thepartnerships and collaborations pursued under one ormore of the six priority themes which constitute ‘Mining:Partnerships for Development’ adapting these over timeas appropriate to ensure they continue to contribute tothe overall goal of enhancing the social and economiccontribution of mining; and•provide an overview of their work on suchpartnerships, as appropriate, in their annual externalreporting and communications.