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Costs of Mining

by Portal Web Editor last modified Jun 10, 2015 08:22 PM
Exploring ecosystem valuation to move towards net positive impact on biodiversity in the mining sector by Rachel Stallings — last modified Jun 03, 2015 10:11 AM
Executive Summary: Rio Tinto commissioned IUCN to estimate the monetary value of the expected biodiversity benefits of the rainforest conservation project. This study examines the costs of conservation, including up-front investment as well as maintenance costs of protected areas, together with the opportunity costs that local people bear when they lose access to land that has historically provided food and cash income in lean periods, as well as a resource for agricultural expansion. The ecosystem benefits considered here include wildlife habitat (US$2.9 million), hydrological regulation (US$470,000) and carbon storage (US$26.8 million). Potential ecotourism benefits (US$2.5 million) were excluded from the analysis as changes in regional tourism are generally expected to result in a reduction in tourism activity elsewhere in the country. The study found that there were significant net economic benefits associated with conservation (about US$17.3 million net of all costs), mainly due to carbon storage values. Many of these ecosystem service benefits accrue globally (e.g. wildlife habitat, carbon storage), while the costs of conservation are mainly borne by local communities, whose access to forest resources would be restricted under a conservation regime. The study underscored the need for, and potential scale of, compensation of local populations, for example through Payments for Ecosystem Services (PES). While the value of carbon storage is significant, local communities would need to receive about one-quarter of the potential revenues from Reduced Emissions from Deforestation and forest Degradation (REDD) to be disadvantaged by conservation and roughly half of the potential REDD revenues to be better off, compared to business as usual. More generally, the analysis showed how the economic values of natural assets can be included in business as well as environmental decision making.
CommDev: The Oil, Gas, and Mining Sustainable Community Development Fund by Rachel Stallings — last modified Aug 10, 2016 11:03 AM
The Oil, Gas and Mining Sustainable Community Development Fund (CommDev) is a funding mechanism for practical capacity building, training, technical assistance, implementation support, awareness-raising, and tool development. Operating flexibly and efficiently, CommDev serves as an integral component of an extractive industry project, enhancing, accelerating, and extending the value-added support given to communities beyond the compliance requirements of IFC investment projects and World Bank loans. CommDev promotes trilateral partnerships among communities, local governments, and extractive industry companies to develop not only immediate win-win-win benefits but strategic, sustainable solutions that will, over time, effectively reduce poverty and create further opportunities for the extractive industry community. It seeks to be both a knowledge and funding resource for community development in this sector, drawn from the experience of partner institutions and CommDev-funded projects. Our goal is to “raise the bar” on how community development is implemented. For a broader review of online mapping initiatives related to the sector see:
File Extractive Industries Disclosure Provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Section 1504) by Radha Arunkumar — last modified Jun 11, 2015 12:25 AM
This is a fact sheet about that breaks down the Extractive Industries Disclosure Provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
File What's in my cell phone? Fact Sheet by Radha Arunkumar — last modified Jun 11, 2015 12:25 AM
This fact sheet distributed by the Minieral Information Institute and the Society for Mining, Metallurgy, and Exploration details the metals in cell phones, and interesting facts about recycling, and where the elements are mined in the world.
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