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Pioneering New Approaches In Support Of Sustainable Development In The Extractive Sector

Pioneering New Approaches In Support Of Sustainable Development In The Extractive Sector. MAEGS – 15 Tallinn, Estonia September 2007. GEOSCIENCES TODAY. SCIENCE = DISCOVERY INFORMATION = DIALOUGE AWARENESS = PROGRESS SOCIAL/POLITICAL NEEDS = DECISIONS. An Investors View.

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Pioneering New Approaches In Support Of Sustainable Development In The Extractive Sector

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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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