Improve the social and economic benefits of mining activity for the communities and countries that choose to host it by increasing local procurement by the global mining industry
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) initiative of Engineers Without Borders Canada, a Canadian non-profit, focuses on helping the mining sector and related stakeholders maximize local procurement of goods and services.