WEF Responsible Minerals Development Initiative Report
May 2, 2013
The World Economic Forum council on responsible natural resource management has zeroed in on the issue of how to unlock value with regard to mineral development. For three years, Steve and the rest of the council has focused on a program called the Responsible Minerals Development Initiative (RMDI). The RMDI has new findings to report. This is timely given the essential role that mining can play in development and the conflicts we are experiencing in many regions including Latin America and Africa. With support from the Boston Consulting Group, the WEF prepared a report (Mineral Value Management—A Multidimensional View of Value Creation from Mining) and tool that underscores the critical role of dialogue and communication to support development. See the press release and the report for more information.
Here’s Steve’s comment on the RMDI program: “’Financial value is important, but it is not the only measure,’ said Stephen D’Esposito, an advisor on the project and president of RESOLVE, a nonprofit organization that promotes collaborative resolution of public issues. ‘Anything that matters to stakeholders and affects their view of mining—be it a new road development that benefits local businesses or impacts on traditional cultures—needs to be included.’”
In addition to our participation in policy development as part of the World Economic Forum and RMDI, you’ll find RESOLVE in communities grappling with these and similar issues.