The Mining Shared Value initiative of Engineers Without Borders Canada (EWB) has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to work with international mining companies in establishing a measurement and reporting standard for local procurement by the industry.
The objective of the new reporting system will be to standardize how mining and, in a subsequent initiative, oil and gas companies report on their sourcing of goods and services in the countries where they operate. Buying goods and services in developing countries increased local jobs and income, transfer of skills and technology, and helped create vital domestic business networks,” venture leader Jeff Geipel explained to Mining Weekly Online in an interview.
