Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
This motion graphic video is based on an infographic we previously released (static version: here).
The video outlines a new framework being developed called the Development Partner Framework.
2 Comments
Rainu
This really doesn’t propose any action items or steps to accomplishing these lofty goals. It just states the current problems and then explains that some discussion happened, ending with some mining CEO’s going to church. Am I missing something?
LAMB
Today, Mining Companies have to understand that they must interact with all ‘stakeholders’ in order to achieve their goals of establishing a Mine in this World. Locals cannot be ignored by either the Company nor the Government of the country – gone are the days when a mine could be established over the objections of the Community in which it resides and draws workers.
This has already started, with new Court Rulings in B.C. Canada where First Nations have successfully challenged Mine projects on their Reserves. The community has to become a ‘partner’ in the project, which will mean that the company (and shareholders) will have to give up something in order to get approvals. Governments are now listening closely to Indigenous peoples concerns.
IT HAS ALREADY STARTED ! !