In the rush to extract the materials needed for the energy transition, good resource governance mustn’t be compromised. There is concern that the transition heightens the risk that contracts between companies and host countries will be hastily entered in to. This could lead to contracts containing terms that mean that local communities do not see the full benefits mining can bring. This paper from ICMM and EITI (Extractive Industries Transparency Initiative) examines how the transparent disclosure of contracts can increase stakeholder trust and confidence, lead to enhanced mineral resource governance, and to better economic and social outcomes for local communities.
Senior Exploration Consultant
1yContract transparency is such a variable state of affairs internationally, and yet it affects everything. The EITI have made significant advances in this space, but if you look at the last five years - especially in Africa - you see the opportunism and inequality persisting, especially in the era of the decline of modern post-colonial relationships, eg. Mali