AusAID and the Extractive Industry
Thanks to CAIDP member Larry Hendricks for the following resources on how AusAID is working w/ the Extractive industries...
Larry adds: "It is possible for CAIDP to work with DFAIT and CIDA to take a proactive approach by building on what AusAID has done."
(Click on the titles to travel to online resources):
AusAID’s objective is to support developing countries to maximise the economic benefits from their extractives sector in a socially and environmentally sustainable way.
Investment in mining has grown rapidly in developing countries in response to high commodity prices and the depletion of known reserves in traditional resource provinces. When well-managed, the sector has considerable potential to help reduce poverty, but comes with many challenges. Many resource-rich developing countries perform worse than less-endowed countries on human development indicators.
Australia has invested $105 million in Mining for Development over the previous three years. Some of the key results include establishing the International Mining for Development Centre and enabling citizens to hold their governments to account for mining revenue through our leading support to the Extractive Industries Transparency Initiative...
The sustainable development of mineral resources can contribute to economic growth and poverty reduction within developing countries. In order for countries to transform mineral potential into sustainable resource development and wealth, an improved understanding of the geology and possibility for new mineral discovery is required. One way to achieve this is through the acquisition, management, interpretation and dissemination of pre-competitive geoscience data and information by government agencies.
AusAID Mining for Development Initiative – Government Linkages Program
The goal of the AusAID Government Linkages Program is to strengthen the capacity of developing partner countries to translate their national resources into sustainable economic and social benefits. Australia is the world’s largest and most successful exporter of mineral commodities and is a recognised world leader in sustainable mining practices, and so is well placed to assist with this goal. Within that context, the Australian Commonwealth and State and Territory geological government agencies play a central role in developing, regulating and promoting Australia’s mining industry, and this expertise can enable developing countries to develop their own sustainable mining industries...
- The fundamental purpose of the Australian aid program is to reduce poverty. Australia's Mining for Development program supports this by assisting developing countries to translate their resource wealth into significant and sustainable development.
- Engaging with high impact technical assistance meets the immediate needs of partner countries, while capacity development more slowly takes shape.
- Appropriate and effective licensing and contract negotiation is essential for securing the greatest returns for developing countries from mining. Technical assistance at this stage in the mining value chain can facilitate a significantly better deal for developing countries and their citizens from mining.
- This document proposes an initial AUD $4.8 million contribution over two years (2011-12 and 2012-13) to the World Bank's Extractive Industries Technical Advisory Facility which provides technical assistance to deveoping country governments in extractive industry licensing and contracting.
This Activity Proposal is a formal submission from the University of Western Australia (UWA) and The University of Queensland (UQ) to establish the International Mining for Development Centre (IM4DC). Both universities are committed to delivering high quality education, training and research in minerals and energy to developing nations and believe that the IM4DC can contribute to lifting the quality of life in developing nations through the more sustainable utilization of minerals and energy resources. The IM4DC will be a $31 million component of the Australian Government's proposed Sustainable Mining for Development Initiative.