The decline in commodity prices, combined with a growing number of new mining projects being put on hold, poses significant challenges to several Latin American governments and economies. Not only must they deal with the declining revenues linked to lower production, but also with lower investment flows. The latter have become increasingly scarce, favoring countries that offer attractive geology, good governance, security of title and a social license to operate.
In this increasingly competitive environment governments need to play a key role in proactively regulating the conditions for investments to secure the long-term development of the country. This includes the assessment and adoption of good governance practices, the development of transparent and effective mining title and permitting management systems and the establishment/improvement of community consent frameworks that promote early and active engagement of all relevant stakeholders, address legitimate environmental and social concerns and ensure that mining is conducted in a responsible and inclusive way.
World Bank panels at the PDAC convention will focus on:
- Measuring good governance in mining
- Developing community consent frameworks
- Titling and permitting: The winding road for new mining investment projects
2:00 p.m. Welcome by Paulo de Sa, Sector Manager, Energy and Extractives Global Practice, The World Bank Group
2:10 p.m. "Good Governance: The Key to Sustaining Mining Investments in a Tough Commodity Cycle" will feature high level authorities from ministries of mines of Argentina and Peru discussing the role governance plays in attracting investment. The World Bank will also discuss the new MInGov tool that measures mining governance in countries around the world and highlight preliminary findings from Peru.
3:40 p.m. “Addressing Environmental and Social Demands Linked to New Investments” will feature participants of civil society, along with the private sector and government, to discuss the challenges and opportunities of community consultation processes as well as lessons learned from implementation.
5:00 p.m. “Titles and Permits: The Winding Road for New Mining Projects” will focus on the complex processes that companies often face to secure mining titles and the international best practices that can strengthen transparency and efficiency of the permitting process.
All are welcome. Registration is not required.
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