To increase local procurement by the global mining industry so that host countries gain more economic and social benefits from mining activity
There is awareness building within the mining industry that creating and maintaining a social license to operate requires more than minimizing negative impacts. At the same time, government bodies in developing countries are working to increase the economic and social benefits of mining within their borders. This is where local procurement comes in.
Local procurement epitomizes the positive role that the private sector can play in development. In host economies, purchases of local goods and services can create local jobs, promote skills and technology transfers, strengthen domestic and international economic linkages, and aid in the formalization of the local economy.
The Mining Shared Value (MSV) venture of Engineers Without Borders Canada focuses on helping the mining sector and related stakeholders maximize local procurement of goods and services.