GLOBAL RESOURCES INVESTMENT CONFERENCE STATIONERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 27-28 SEP 2011 www.ObjectiveCapitalConferences.com Mining and indigenous people issues Aidan Davy –ICMM
Mining and indigenous people issues
Nov 15, 2014
Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session1: The context in which we operate
Speaker: Aidan Davy, ICMM
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session1: The context in which we operate
Speaker: Aidan Davy, ICMM
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GLOBAL RESOURCESINVESTMENT CONFERENCE
STATIONERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 27-28 SEP 2011
www.ObjectiveCapitalConferences.com
Mining and indigenous people issues Aidan Davy –ICMM
GLOBAL RESOURCESINVESTMENT CONFERENCE
STATIONERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 27-28 SEP 2011
www.ObjectiveCapitalConferences.com
Other sponsors & participating organisations:
GLOBAL RESOURCESGLOBAL RESOURCESINVESTMENT CONFERENCE 2011INVESTMENT CONFERENCE 2011
Lead sponsor:
Media partners:
@Objectivelive
www.icmm.com
Indigenous Peoples and Mining:Developing Projects for Mutual Benefit
Aidan Davy, Director
September 2011
Overview of presentation
www.icmm.com
Coincidence between mining and Indigenous Peoples
A snapshot of investor perspectives
ICMM Good Practice Guidance
Conclusion
Top 10 countries for mining exploration
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Argentina 2%
Source: Interra Resources Intelligence (September 2010)
Distribution of 22,400 projects(global total 40,000)
Distribution of mining projects globally
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Source: Interra Resources Intelligence (September 2010)
Investor Perspectives on Indigenous Peoples
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Talisman Energy initiated a review of FPIC on basis of shareholder resolution (Bâtirente/RSSE)
Not just NGO’s advocating: Co-Op. Bank’s support for Beaver Lake Cree Nations vs. Tar Sands in Alberta
EIRIS, CAER and The Ethical Funds Company all promoting FPIC (ideally large ‘C’)
EIRIS analysed 250 companies from FTSE All World Developed Index
Indigenous Peoples – selected indicators
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% %
% %
Agribusiness
Forestry & Paper
Oil & Gas
Mining
Indigenous Policy FPIC (consent/consultation)
ResettlementIndigenous employment
Source: EIRIS (2009). Indigenous rights: risks and opportunities for investors
Policies and reporting on Indigenous Issues
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ICMM members
FPIC
Glo
bal
dat
a
EngageRespect
Po
licy
Cas
e-st
ud
yN
on
e
None
Indigenous Peoples Policy
Indigenous Peoples Disclosures
Non-members
Do investors care about Indigenous Peoples?
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Vedanta resources share price (2010)
Do regulators care about Indigenous Peoples?
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Taseko Mines Ltd share price (2010)Oct DecNov
Sources: http://tmx.quotemedia.com/
Photo: Lorna Elkins, 2008
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Free, Prior and Informed Consent (FPIC)
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Where does ICMM stand on FPIC?
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Where legally mandated, ICMM’s Guide is a valuable resource to support FPIC implementation
Where governments don’t fully embrace FPIC, companies can’t unilaterally endorse
Guide supports members to implement progressive commitments in ICMM Position Statement
Currently engaging with IFC and others around practical implementation challenges
Indigenous Peoples & Mining Good Practice Guide
www.icmm.com
Council of CEOs approved Position Statement on Mining and Indigenous Peoples in May 2008
Explicit commitment to develop Guide included in 2008 Position Statement
From outset, independent Indigenous Peoples Advisory Group established: critical aspect of guide development
Team from academia and consulting selected
Case studies verified with Indigenous community representative: good practice examples balanced by negatives
Engagement and Indigenous Participation
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Outlines a series of principles for good engagement, and what it should achieve – and distinctive challenges
Focuses on steps to achieve broad community support through meaningful engagement
Discusses FPIC and related challenges
Explores practicalities of Indigenous engagement, as well as challenges
Laying the groundwork
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Focus on establishing basis for sound relationships early
Determining rights and interests: legal, customary and sometimes competing
Conducting comprehensive baseline studies, which address vulnerability
Assessing positive and negative impacts: iterative rather than one-off
Agreements
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Focus on negotiated agreements to define and regulate company-community relationships
Explores attributes of successful agreements
Discusses process aspects in detail
Outlines substantive aspects, e.g. financial, employment/contracting, impact management, governance
Managing Impacts and Sharing Benefits
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Emphasis on:
Practical dimensions of impact mitigation and benefits sharing
Information/knowledge sharing
Compensation to redress physical and economic losses
Concept of ‘strengthening community asset base’ is key to benefits
Addressing cultural and environmental preservation
Recognizing discrimination and historical disadvantage
Dealing with Grievances
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Focuses on implementing effective grievance mechanisms
Acknowledges inevitability of disagreements, and imperative of effectively addressing these
Explores potential sources of conflict
Provides detailed guidance on design aspects, e.g. culturally appropriate, accessibility, process predictability etc.
"Move on!" Has the Native American no rights that the naturalized
American is bound to respect? (Harpers weekly, 1871)
For further information please contact:
Aidan Davy, Director
www.icmm.com
Available to download atwww.icmm.com
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