World Bank Workshop

1
Extractive Industries Transparency Initiative An
Industry Perspective

World Bank Workshop 2 February 2005
Edward Bickham Anglo American plc
2
Mining and Macro-Economic Impacts

• Rarely as significant as oil revenues
• Direct employment generation tends to be greater
• Role of State-owned companies less
• Successes - Botswana, Chile, Namibia, Peru,
  Ghana
• Failures - DRC, Sierra Leone, Zambia

3
Boundaries Of Corporate Responsibility?

• National/International
• Pay Tax
• Obey Law
• Support Good Governance

• Community/Region
• Environmental Stewardship
• Generate Economic Benefit
• Security and Human Rights
• Contribute to Partnerships

• Workplace
• Safety and Health
• Labour Rights
• Working Conditions
• Equal Opportunities

4
Reasons to Support EITI

• MMSD stakeholder engagement project
• WSSD recognised role of mining
• Long-term investors interested in stability
• Promotion of trust and good governance
• Part of response to resource curse debate
• Avoid blame for corrupt practices by host
  governments
• Buttress long-term access to resources

5
Actions to support EITI

• Declaration of support at WSSD
• Participation in DfID Core Group
• Advocacy in Ghana, Peru and EU
• Input to reporting template
• Declaration in 2003 Report to Society of
  Largest Tax and Related Payments to Governments
• South Africa 606 million
• UK 383 million
• Australia 231 million
• Russia 94 million
• Brazil 84 million
• France 54 million
• Germany 35 million
• Chile 34 million