Mining s contribution to the Dominican Republic
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1 Mining s contribution to the Dominican Republic Global Perspectives on Gold Mining: Evaluating Potential and Constraints UNCSD Ben Peachey, Director - Communications, ICMM 3 May 2011
2 Overview of presentation ICMM overview Member performance standards Our work Focus on Mining: Partnerships for Development Opportunities in the Dominican Republic 2
3 ICMM at a glance CEO led 18 Company members 30 Association members Over 800 sites in 54 countries 3
4 Where do we come from? 4 regional reports 23 global workshops 175 research projects 50,000 people involved 4
5 Member commitments Robust entry criteria and process Clear performance expectations Reporting... and redress? 5
6 ICMM member performance 2010 reports Reporting/assurance commitment Compliant member companies Policy alignment with principles 16 Assurance of policy alignment 15 G3 application level 15 - advanced 2 - intermediate 1 - beginner Total: 18 Use of GRI sector supplement 18 Assurance of G3 application level 16 6
7 Interests important to mining Industry: mining companies (junior to major), investors, labour, service providers, associations Government: local, regional, national, international Indigenous peoples and their organizations, mining affected communities End users, original equipment manufacturers, consumers Civil society organizations Academic, learning, and R & D support 7
8 Work programs 1. Reporting & Assurance 2. Socio-economic Contribution Resource Endowment Community 3. Environmental Contribution 4. Health & Safety Worker Community 5. Materials Stewardship Accountability & Continuous Learning Mining and Metals Contribution Core services 6. Communications 7. President s Office Associations Co-ordination Group 8
9 Biodiversity ICMM has been part of a dialogue with the International Union for Conservation of Nature (IUCN) since
10 Health and Safety 10
11 Climate change 11
12 Mining: Partnerships for Development Poverty reduction Revenue management Regional development planning Local content Social investment Dispute resolution 12
13 What do partnerships look like? Companies Donor agencies Partnership for Poverty Reduction Host Governments NGOs, Civil Society, Communities 13
14 Economic performance of mining countries Better Performers Better Performers Generally Better Performers Weaker Performers with relatively better performance in a few economic (E) and social indicators (S) Weaker Performers Clearly Poor Performers Chile Botswana Malaysia Tunisia Ghana Mexico Colombia Guinea Jamaica Mali Morocco Mozambique Namibia Senegal South Africa (E) Tanzania (E) Guyana (E) Mauretania (E) Gabon (E + S) Peru (S) Suriname (S) Togo (S) Jordan (S) Zimbabwe Bolivia Central African Republic Congo Liberia Niger PNG Philippines Sierra Leone Zambia 14
15 4 country case studies Each study reviewed in depth the economic and social impact of one large mine Peru Compania Minera Antamina Chile Minera Escondida Ghana Obuasi Gold Mine Tanzania North Mara Mine (Barrick) 15
16 Strong macroeconomic performance in Ghana 16
17 Tanzania: estimated revenues, ($ 000) 300, , , , ,000 Total Government Revenues from Mines Corporation Tax f rom Mines Corporation Tax - Share of Total Revenues f rom Mines - RH Axis 70% 60% 50% 40% 30% 20% 50,000 10% 0 0% 17
18 Government taxes and royalties Loans and interests Share holders Capital reinvestment The sharing of mining revenues in Tanzania Production costs 15% 10% 57% 11% 7% 18
19 Opportunities in the Dominican Republic Engage in international mining community ICMM Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development Extractive Industries Transparency Initiative In-country collaboration Government Companies Civil society Donor agencies 19
20 For further information please contact: Ben Peachey, Director - Communications Ben.peachey@icmm.com 20
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