Mining is a key driver of global economic growth, capable of creating long-term positive impact on lives, societies and nations. Although it has the potential to transform the economic prospects of mineral-rich developing countries, governments and communities are increasingly questioning the role of this sector. Debates over the proper allocation of costs and benefits, growing resource nationalism and conflict over new projects reflect waning trust between stakeholders and lack of effective engagement mechanisms. This makes the World Economic Forum's Responsible Mineral Development Initiative (RMDI) more relevant than ever.
Mineral Value Management (MVM) is an RMDI-developed tool designed to enhance mutual understanding of the holistic drivers of value from mining, and to provide a means to measure and communicate the needs and expectations of various stakeholders.
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