Mining’s contribution to the Dominican Republic

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Mining’s contribution to the Dominican Republic. UNCSD Ben Peachey, Director - Communications, ICMM 3 May 2011. Overview of presentation. ICMM overview Member performance standards Our work Focus on Mining: Partnerships for Development Opportunities in the Dominican Republic. - PowerPoint PPT Presentation

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Mining’s contribution to the Dominican RepublicUNCSDBen Peachey, Director - Communications, ICMM3 May 2011

2 www.icmm.com

ICMM overview

Member performance standards

Our work

Focus on Mining: Partnerships for Development

Opportunities in the Dominican Republic

Overview of presentation

3

ICMM at a glance

www.icmm.com

Over 800 sites in 54 countries

CEO led

18 Company members

30 Association

members

4

Where do we come from?

www.icmm.com

4 regional reports23 global workshops 175 research projects50,000 people involved

5

Member commitments

www.icmm.com

Robust entry criteria and process

Clear performance expectations

Reporting... and redress?

6

ICMM member performance – 2010 reports

www.icmm.com

Reporting/assurance commitment Compliant member companies

Policy alignment with principles 16

Assurance of policy alignment 15

G3 application level

15 - advanced2 - intermediate1 - beginnerTotal: 18

Use of GRI sector supplement 18

Assurance of G3 application level 16

7

Interests important to mining

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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

8 www.icmm.com

Work programs

1. Reporting & Assurance

2. Socio-economic Contribution

•Resource Endowment

• Community

3. Environmental Contribution

4. Health & Safety• Worker• Community

5. Materials Stewardship

Mining and Metals ContributionAccountability &Continuous Learning

6. Communications 7. President’s Office

Core services

Associations Co-ordination Group

9

Biodiversity

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ICMM has been part of a dialogue with the International Union for Conservation of Nature (IUCN) since 2004.

10

Health and Safety

www.icmm.com

11

Climate change

www.icmm.com

12

Mining: Partnerships for Development

www.icmm.com

Poverty reduction

Revenue management

Regional development planning

Social investment

Local content

Dispute resolution

13

What do partnerships look like?

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Partnership for Poverty

Reduction

Companies

NGOs, Civil Society,Communities

Host Governments

Donor agencies

14

Economic performance of mining countries

Better Performers Weaker PerformersBetter

PerformersGenerally Better

PerformersWeaker Performers with relatively better performance in a few

economic (E) and social indicators (S)

Clearly Poor Performers

ChileBotswanaMalaysiaTunisiaGhanaMexico

ColombiaGuineaJamaicaMaliMoroccoMozambiqueNamibiaSenegal

South Africa (E)Tanzania (E)Guyana (E)Mauretania (E)Gabon (E + S)Peru (S)Suriname (S)Togo (S) Jordan (S)Zimbabwe

BoliviaCentral African RepublicCongoLiberiaNigerPNGPhilippinesSierra LeoneZambia

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)

16

Strong macroeconomic performance in Ghana

17

Tanzania: estimated revenues, 1995-2034 ($’000)

www.icmm.comwww.icmm.com

0%

10%

20%

30%

40%

50%

60%

70%

0

50,000

100,000

150,000

200,000

250,000

300,000

Total Government Revenues f rom Mines

Corporation Tax from Mines

Corporation Tax - Share of Total Revenues from Mines -RH Axis

18 www.icmm.com

The sharing of mining revenues in Tanzania

Gov

ernm

ent t

axes

and

ro

yalti

es

Loan

s an

d in

tere

sts

Production costs

Shar

e ho

lder

s

15% 10% 57% 11%

Cap

ital r

einv

estm

ent

7%

19

Opportunities in the Dominican Republic

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• 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

20

For further information please contact:

Ben Peachey, Director - Communications

Ben.peachey@icmm.com

www.icmm.com