BSR Insight | Evaluating the Socioeconomic Benefits of Mining
The International Council on Mining and Metals launched a toolkit that provides companies, civil society, and government with a framework to evaluate the socioeconomic benefits of mining at local, regional, and national levels. The toolkit—which has been tested in Chile, Ghana, Lao People’s Democratic Republic, Peru, and Tanzania—is designed to encourage collaboration among a range of stakeholders on six focus areas: poverty reduction; economic development as it relates to revenue management, regional development planning, and local content; social investment; and dispute resolutions.
The toolkit includes eight modules and an addendum on minerals taxation:
- Preparing an overview of the host country
- Profiling participating mining operations and existing social initiatives and partners
- Measuring the mining industry’s contribution to the host country
- Identifying elements of the host country’s governance policies or practices that help or hinder mining’s economic and social performance
- Measuring a mine’s positive and negative contributions to local communities
- Analyzing a participating mine’s lifecycle impacts on the host country
- Examining direct and indirect mining impacts on governance structures, institutions, and policy choices
- Preparing a country case study
For more information, read about BSR's approach to sustainable local benefits or contact Michael Oxman.
Topics
Community Engagement & Development, Economic, Social & Cultural Rights, Mining, Reporting & Communications
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