Mining’s role in economic development

Two landmark publications have been launched recently by the International Council on Mining and Metals (ICMM). 

The role of mining in national economies and Trends in the mining and metals industry – have been presented at a panel discussion chaired by ICMM President Anthony Hodge and featuring AngloGold Ashanti CEO, Mark Cutifani.

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In 2010, the value of global minerals production was four times higher than in 2002. At the same time, there are 40 countries with significant dependence on mineral exports. Thirty of those are low or middle income countries and many have low Human Development Index scores

“We believe the mining industry’s performance on sustainable development issues has changed significantly in recent times. At the same time, as industry leaders we also acknowledge that there are areas where we have some way to go before we, and our societies, can be satisfied with our performance,” said Mark Cutifani.
“We must ensure that the costs, benefits and risks of mining are well understood by all stakeholders, and that all accept their respective responsibilities in this regard. The recent tragic events in South Africa and the widespread strikes – which are affecting my company as well as others – serve to illustrate the absolute importance of getting this right,” he said.

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