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Sustainable Development Strategies in the Extractive Sector: MAEGS-15 Tallinn, Estonia

Explore innovative approaches and best practices for sustainable development in the extractive sector. Learn about the importance of geological resources, financial stability, social responsibility, and governmental support. Discover how companies can benefit by balancing economic growth with community well-being and environmental preservation. Join the dialogue on responsible mining practices and stakeholder engagement.

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Sustainable Development Strategies in the Extractive Sector: MAEGS-15 Tallinn, Estonia

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  1. Pioneering New Approaches In Support Of Sustainable Development In The Extractive Sector MAEGS – 15 Tallinn, Estonia September 2007

  2. GEOSCIENCES TODAY • SCIENCE = DISCOVERY • INFORMATION = DIALOUGE • AWARENESS = PROGRESS • SOCIAL/POLITICAL NEEDS = DECISIONS

  3. An Investors View • Geological (Resource) Capacity • Financial (Tax, Corporate) Liquidity • Social & Environmental Stability • Security of Title • Government Support • Entrepreneurial Environment

  4. TONNES & GRADE To ensure mining investments make a positive contribution to poverty reduction and sustainable development at the local level Benefits to companies: Maintain access to land, capital and markets Manage risks Improve operating efficiencies Build trust and enhance reputation Create shareholder value

  5. TONNES & GRADE ICMM Sustainable Development Framework • Ten principles which members have committed to implement and report their performance against • Public reporting - developed in partnership with the Global Reporting Initiative (GRI) • Independent verification • Developing and sharing good practice www.goodpracticemining.org

  6. Decommissioning First contacts between geologists and communities Construction Operations intended to help government, companies & communitiesrealize sustainable community development for all stages of the relationship between mining operations and local communities TONNES & GRADE Contribute to the social, economic and institutional development of the communities in which we operate (Principle 9) Expl’n Devm’t – Prod’t Closure

  7. NGO’s ARE WELCOME • We all want to make a (positive) difference • Balance between commercial reality and social/environmental ‘wish lists’ • WWW.COM & Global Communication

  8. Community Development Toolkit

  9. Strategies • International Education Programs (Scholarships – Retraining – Innovation) • New or Added Value Industry’s (nuclear processing & containment) (petrochemical & refining) • Local & Global Distribution Of Products (Japan, China, India)

  10. Goal Posts • Long Project Lead Times +10yrs • Significant Capital Requirements • Stable Policy, Rules & Regulations

  11. Get A Seat At The Table • Independence & Self Determination • The Right To Present Views • Options For Future Growth

  12. MAEGS - 15 THANK YOU !

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