http://www.miningweekly.com/page/americas-home
JOHANNESBURG (miningweekly.com) – Mines are proven engines of economic development for the host countries, which benefit significantly from the foreign direct investment (FDI) that mines attract as well as the export earnings that they generate, the International Council for Mining & Metals (ICMM) has found in a unique 214-country study, which attests to the need to strengthen the contribution of mining to economic and social wellbeing.
While the focus of host governments was generally on taxes and royalties, the study showed that a strong new focus needed to be placed on the invaluable long-term benefits of FDI and export earnings.
The ICMM report – a world first in terms of scope and scale – also provided evidence of mining making its most profound contribution in the most impoverished regions of the world.
Under the right conditions, the study found that mining could make a contribution that translated to greater citizen wellbeing and ongoing economic momentum even after mines had closed.