The second edition of The World Gold Council Responsible Gold Mining and Value Distribution report, covering 2013 data, was issued on 23 October 2014. This report further demonstrated the impact the responsible gold mining industry has in supporting economic development in host countries by looking at the distribution of the money spent by gold mining companies. Responsible gold mining can contribute substantially to social and economic development but it is important to take a realistic view of the role it can play and contribution it can make.
The World Gold Council has organised a panel session at PDAC 2015, as part of the CSR Event Series, to discuss the key findings of the report including best practices and case studies on the improvements in well-being, opportunities for development and community capacity that investment in gold mining generates. The Intergovernmental Forum on Mining, Metals, Minerals and Sustainable Development will join the discussion to provide the perspective of the public sector on how should governments and mining companies collaborate to achieve social and economic development.
Sunday, March 1, 2015, 3:30 PM - 4:25 PM
Location: Room 803
The Socio-Economic Contribution of Responsible Gold Mining
Terry Heymann, Managing Director, Gold for Development and Market Intelligence, World Gold Council
Ed Opitz, Vice-President, Corporate Responsibility, Kinross Corporation
Glenn Gemerts, Chair, Intergovernmental Forum on Mining, Minerals Metals and Sustainable Development
Additional speakers tbc
The following dimensions will be addressed in this session:
- Transparency as a tool for interested parties to better understand the economics of mining and the benefit footprint along the mining life cycle, increase the ability of citizens to hold governments to account in how they use the proceeds of resource revenues, and ultimately contribute to better development outcomes.
- Impact. The economic contribution of gold mining to emerging economies in terms of Foreign Direct Investment, exports, government revenues, national income and employment.
- Collaboration. Collaborative efforts with governments, communities, and the international development community to sustain improvements in the standard of living, reduce poverty, and enhance access to services and opportunities.