PERSPECTIVES ON SUSTAINABLE DEVELOPMENT IN THE MINING INDUSTRY
Jurisdiction | Derecho Internacional |
(April 2003)
PERSPECTIVES ON SUSTAINABLE DEVELOPMENT IN THE MINING INDUSTRY
Behre Dolbear & Company
Cremorne, New South Wales, Australia
Sustainable Development, or Sustainability, remains a controversial concept within the mining sector. Broadly defined, Sustainability reflects the desire that human beings act in ways that simultaneously sustain, or even enhance the natural environment, including both environmental quality and the stock of natural resources, economic well being, and social justice. The concern is that we are not acting sustainably. That is, economic progress is coming at the expense of significant social injustice and inequity and damage to natural resources and the environment, so that future generations will have to live with a more depleted and degraded environment.
In practice, striving towards Sustainability in all three areas (environmental, economic, and social) may involve conflict and tradeoffs. These tradeoffs will be unique to each individual site, depending on such factors as the specific characteristics of location, company culture, the affected community, government, the political setting, age of the development etc.
Sustainable development is multi-dimensional and from experience in the mining sector we see five elements that comprise the Sustainability picture, as follows:
Financial - a project must have financial Sustainability to succeed for an appropriate project life, to ensure all commitments (including implementing a comprehensive Closure Plan) and objectives are fulfilled, which should include having a positive impact on its environmental, social and political surroundings.
Environmental - a high priority should be the state of environmental Sustainability, ad- dressing protection, and in some cases enhancement, of the natural and physical environment and its ecosystems, with a strong view to its long-term productivity and to the maintenance of biodiversity.
Economic - in combination with its financial position, a project should promote economic Sustainability within its area of influence, with a view to enhancing local and where appropriate, regional economic growth.
Social - social Sustainability must be a key component of minerals project development, including measures to enhance community wellbeing resulting from the development. This can include opportunities for fulfilling the human and community potential, and mainte-...
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- Mining Law & Investment in Latin America (FNREL)
- TABLE OF CONTENTS
- CHAPTER 1 CREATING A POSITIVE INTERNATIONAL MINING INVESTMENT CLIMATE1
- CHAPTER 2 REGALÍAS A LA MINERIA EN CHILE Y PERU
- CHAPTER 2 ROYALTY PAYMENTS ON MINING IN CHILE AND PERU (ENGLISH VERSION)
- CHAPTER 3 STRUCTURING OF MINING VENTURES IN LATIN AMERICA — PANEL DISCUSSION
- GENERAL COMMENTS ON THE USE OF "FORM 5" IN ARGENTINA (ENGLISH VERSION)
- CONSIDERACIONES SOBRE EL USO DEL "FORM 5" EN ARGENTINA
- ARBITRATION IN BRAZIL AND THE 1958 NEW YORK CONVENTION — RELEVANT ISSUES
- LA JUSTICIA ARBITRAL EN COLOMBIA: MECANISMO ALTERNO DE SOLUCIÓN DE CONFLICTOS
- THE ARBITRAL JUSTICE IN COLOMBIA: ALTERNATIVE DISPUTE RESOLUTION SYSTEM (ENGLISH VERSION)
- DISPUTE RESOLUTION ARBITRATION AND MEDIATION —CHILE— (ENGLISH VERSION)
- LA RESOLUCIÓN DE CONTROVERSIAS EL ARBITRAJE Y LA MEDIACIÓN —CHILE—
- Choosing the Proper Forum and Jurisdiction, and the Importance of Treaties and Enforcement of Arbitration Awards A U.S. Perspective … 5 Significant Developments in International ADR
- CHAPTER 5 THE CONCEPT OF FORUM NON CONVENIENS IN U.S. LAWSUITS
- EL PROBLEMA DE LA SEGURIDAD: CÓMO CONSEGUIR SEGURIDAD EN LAS OPERACIONES DE EXPLOTACIÓN DE RECURSOS SIN INCURRIR EN RESPONSABILIDADES INTERNACIONALES
- THE SECURITY CONUNDRUM: HOW TO MAKE YOUR RESOURCE OPERATIONS SECURE WITHOUT CREATING INTERNATIONAL LIABLITIES (ENGLISH VERSION)
- RESPONSABILIDAD POR DAÑO AMBIENTAL EN EL SECTOR MINERO1
- LIABILITY FOR ENVIRONMENTAL DAMAGE IN THE MINING SECTOR
- LIABILITIES ARISING FROM MINING ACTIVITIES IN LATIN AMERICA
- LIABILITIES ARISING FROM MINING ACTIVITIES IN LATIN AMERICA
- TAXATION OF THE MINING INDUSTRY IN CHILE: AN UPDATE
- REGIMEN FISCAL DE LA INDUSTRIA MINERA EN MEXICO
- TAXATION OF THE MINING INDUSTRY IN MEXICO (ENGLISH VERSION)
- MINING INVESTMENTS IN ARGENTINE
- PERSPECTIVES ON SUSTAINABLE DEVELOPMENT IN THE MINING INDUSTRY
- CHAPTER 9 Canadian Aboriginal Law: Creating Certainty In Resource Development
- PUBLIC PARTICIPATION IN NATURAL RESOURCES MANAGEMENT IN LATIN AMERICA: TO INCLUDE OR NOT TO INCLUDE
- THE ROLE OF PUBLIC PARTICIPATION IN NATURAL RESOURCES DECISIONS
- CONSULTA VECINAL Y LICENCIA SOCIAL
- POPULAR CONSULTATION AND SOCIAL LICENSE
- NEGOTIATION WITH LOCAL COMMUNITIES: HOW TO BUILD A LONG-TERM RELATIONSHIP
- MINERIA Y AGRICULTURE; ¿SON INCOMPATIBLES?
- CONFLICT BETWEEN OWNER AND CONCESSIONAIRES DUE TO PRAEDIAL OCCUPATION UNDER THE CHILEAN LEGAL SYSTEM (ENGLISH VERSION)
- CONFLICTO ENTRE PROPIETARIO Y CONCESIONARIOS POR OCUPACION PREDIAL BAJO EL REGIMEN JURÍDICO CHILENO
- SOLUCION DE CONFLICTOS ENTRE PROPIETARIOS SUPERFICIARIOS Y TITULARES MINEROS: EL CASO PERUANO
- RESOLUTION OF CONFLICTS BETWEEN SURFACE OWNERS AND MINING CONCESSIONAIRES; THE PERUVIAN CASE
- CHAPTER 13 Methods of Financing
- CHAPTER 14 FINANCING OF MINING PROJECT
- LA INDUSTRIA MINERA Y LOS MERCADOS DE CAPITALES DE RIESGO EN LATINOAMERICA: EL CASO CHILENO
- THE MINING INDUSTRY AND VENTURE CAPITAL MARKETS IN LATIN AMERICA: THE CHILEAN CASE (ENGLISH VERSION)
- LAWS, REGULATIONS AND PROCEDURES FOR LISTING EXPLORATION AND MINING COMPANIES ON CANADIAN STOCK EXCHANGES
- CHAPTER 16 FINANCIAL GUARANTEES
- POLITICAL RISK INSURANCE — MIGA's GUARANTEES PROGRAM (ENGLISH VERSION)
- POLITICAL RISK INSURANCE — ZURICH EMERGING MARKETS SOLUTION
- CHAPTER 18 USING LONG TERM INTERNATIONAL CONCENTRATE SALE AGREEMENTS IN MAJOR PROJECT FINANCING
- ISSUES OF ENVIRONMENTAL LAW IN THE DISPOSAL OF WASTE FROM TAILING DAMS AND OTHER MINING WASTES
- AN OVERVIEW OF MINE WASTE REGULATION IN THE UNITED STATES
- PROTECTION FOR FOREIGN INVESTORS IN LATIN AMERICA UNDER BILATERAL INVESTMENTS TREATIES
- EMERGENCY LAWS vs. RIGHTS GRANTED UNDER PRE-EXISTING LAWS: THE ARGENTINE CASE
- null PREVENTING AND MITIGATING A FINANCIAL CRISIS IN MÉXICO
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