"Mining: Partnerships for Development" is a global initiative to enhance mining's contribution to development and poverty reduction through partnerships with governments, development agencies, and civil society.
In a position statement released on February 2, ICMM's 19 member companies, including Newmont, have made a formal commitment to actively seek such partnerships in six key areas: poverty reduction, revenue management, regional development planning, local supply content, social investment; and dispute resolution.
Five years of internationally renowned research - in collaboration with the United Nations Conference on Trade and Development (UNCTAD) and the World Bank - indicate that partnerships involving companies and other stakeholders such as governments, donor agencies and civil society, can be a powerful way to tackle development challenges," said Kathryn McPhail, senior program director, ICMM.
In support of the commitment, ICMM has also released "Mapping In-Country Partnerships," a publication that illustrates existing partnerships across the six key areas. They include a number of partnerships in which Newmont is involved, including development programs in Ghana and Australia. The publication can be downloaded from the ICMM Web site at www.icmm.com.
