Global mining and resource extraction projects are facing a whole new set of social challenges. Divergent viewpoints on the benefits of development and the impact of projects on communities and the local environment are part of the complex operating environment.
On behalf of the conference management committee, I would like to invite members of the mining industry to participate in a two day conference on May 14 - 15, 2008 in Panama City , Panama . This conference called “Mining for Success – Social Risks and Responsible Mining Practices” will focus on the social aspects of mining and will provide new insights, industry testimonies, and innovations with respect to social issues affecting the industry.
As we are all aware, the high price of metals and the growing world demand had pushed the mining industry to explore and develop mining in regions that are often remote and have higher social, political and economic risks. These social risks have only accelerated the need for companies in these regions to build their knowledge, experience and to form positive relations with indigenous people, métis, local communities, governments, small scale miners and non-government organizations (NGOs).
Companies that have failed to understand the growing importance of the social side of mining may increase their risks of having their mining initiatives harassed, stalled or even cancelled due to lack of community or political support. These continuing and growing social challenges in mining have resulted in billions of dollars in lost investment and market capitalization and have impacted the ability for companies to raise capital and debt financing of projects.
At this time, it is extremely critical for junior, intermediate and large mining companies to understand and effectively address the complexities, issues and expectations of stakeholders with respect to the social side of mining. The failure to do so however puts projects at serious risk of being halted or postponed and the grave economic consequences that result.
In closing, I would like to invite all mining professionals from Presidents and CEOs to Field Managers and Geologists to attend this important event. Your time and attention is appreciated and we look forward to seeing you in Panama .
Respectfully,
Don Clarke
General Manager
Kokopelli Advisory
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