Everything to Gain
There is everything to gain as mining creates wealth and good paying employment opportunities. It takes place all over world. The mining and mineral-processing sector is the primary industry in many countries. In Canada for example there are over 750 mining operations. In places like Canada wealth from mining is used to build schools, roads, hospitals that provide a good foundation that leads to more prosperous community over time.
Mining is Important to China
China is a leading mining country with many unmined resources. China has the potential to become one of the world's leading mineral exporters. This would add to China's trade performance and further add to China's economic benefit.
Mining is a major customer of other businesses and helps develop other parts of a community like infrastructure (road and rail) and with working together can introduce new technologies from abroad.
Mining increases employment
A mine can employ many people. All over the world it has been seen that mining increases employment in the area of the mine and also the level of skills of the local people.
One may think that mining is just digging but mining also adds to essential support services including maintenance, warehousing, safety and first aid, human resources and administration.
Being Socially and Environmentally Responsible
The international mining industry recognizes the value in being socially and environmentally responsible, not only from a bottom-line perspective, but also from a moral one. Mining CEOs, management and employees certainly have an interest in seeing their company succeed, but they also have an interest in enjoying a high quality of life while protecting the interest of their children's future.
They are significant financial supporters for the arts and culture, health related equipment for medical facilities, sports events and youth related projects. They are also major sponsors, both directly and indirectly, of research and on-going wildlife studies that include substantial tracts of land for wildlife.
International mining companies like to involve local communities and have ways to have them provide input on proposed mining activities through environmental assessment process.
International shareholders of mining companies promote “corporate social responsibility” which specifically looks at business practices of companies. In Canada and Australia this is used to include social and environmental factors life cycle of a business. Many international mining companies use “double-bottom line” and “triple bottom Line” where businesses and investors need to measure social and environmental results in addition to financial results. By using these tools international mining companies bring sustainable and responsible investing that promote best business practices in the areas where they work. This process benefits investors and society.
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