Message from the Secretariat
The IGF Secretariat is pleased to announce a new publication entitled Global ASM Progress: A Review of Key Numbers and Issues, highlighting a number of important topics including: regional trends and updates on key ASM numbers; EHS impacts and remedial efforts; ASM interface with large-scale mining; mineral certification schemes for ASM; and ASM formalization. We invite you to read the report online.
Looking forward, IGF will be co-hosting its annual Sustainability Forum at the 2018 PDAC Convention on Saturday, March 3, from 1:00 p.m. to 5:00 p.m. in Toronto, Canada. This Sustainability Forum will discuss the important role that minerals and metals will play in a low-carbon economy. Register your interest in attending the forum online. This is a co-hosted event with World Economic Forum (WEF) and Prospectors and Developers Association of Canada (PDAC).
Please see below for additional highlights.
Greg Radford, IGF Director
Join IGF at Indaba
From February 5 to 8, IGF will be at Investing in African Mining Indaba, taking place in Cape Town, South Africa.
IGF invites you to attend our Sustainability Roundtables on Local Content Policy, taking place Monday, February 5, from 2:00 p.m. to 4:00 p.m. at the CTICC’s rooftop terrace. This event will feature parallel interactive roundtables focused on six key subject areas: defining local content; building supplier capacity; skills development; economic diversification; different policy options; and the impact of new technologies. Moderators for each roundtable will summarize the key points in plenary. This event will also feature the launch of the IGF’s draft member guidance on local content policies.
IGF is also hosting a special side event about the hidden cost of tax incentives at the Holiday Inn Cape Town (formerly Strand Tower Hotel) on Monday, February 5, from 11:00 a.m. to 1:00 p.m. This event, in collaboration with the Organisation for Economic Development and Co-operation (OECD), presents guidance for governments on how to anticipate and limit the cost of mining tax incentives, as well as new empirical research on the prevalence of tax incentives in the mining sector. Join us for this presentation exploring a broader program to design mining sector-specific solutions to some of the most pressing tax base erosion and profit shifting challenges facing resource-rich developing countries.
Six Key Factors for Successful ASM Formalization
Formalization within the ASM sector has the opportunity to bring informal income-earning activities and economies into the formal sector through legal, regulatory and policy frameworks. To be successful, formalization must simultaneously address the key barriers associated with the sector and support and incentivize miners to become formalized. The recently launched report from IGF and IIED highlights six key factors for successful ASM formalization, which you can read in our column.
Financial Modeling of Mining Projects: A Tool for Optimizing the Financial Benefits of the Mining Sector
The financial model of a project is one of the most important documents a mining company will submit as part of a package of documents to get a mining license in most mineral-rich countries. However, this valuable tool seems to be underused by developing country administrations in their interaction with mining companies throughout the life cycle of mines. In our column, we break down the complexities of financial modeling for mining projects and explore how IGF is helping to strengthen capacity of national administrations to leverage this beneficial tool.
MPF Assessments in 2018: Ecuador, Namibia and Kyrgyzstan
The IGF Secretariat has been active working with its members to undertake Mining Policy Framework (MPF) Assessments in Latin America, Africa and Asia. The IGF website includes all completed reports. The Secretariat is currently conducting MPF Assessments in Ecuador, Namibia and Kyrgyzstan with the support and participation of the country’s ministry in charge of mining. The MPF Assessments are broken into two main phases: the assessment and follow-up targeted capacity building. Member governments receive a comprehensive review of their mining laws and policies, a greater understanding of how these compare to international best practice, and the knowledge and tools required to improve mining governance and further optimize the contribution that mining makes to sustainable development.