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Mining is booming throughout the developing world now, driven by
the Asian industrial surge. IBI works with governments to put mining
on a sound legal and regulatory footing. We also have developed
a creative approach to infrastructure development. Most new mines
imply major investments in transportation, electricity and water
supply. IBI's regional planning approach looks for synergies with
other economic clusters such as tourism, agriculture, fisheries,
forestry, and artisanal mining to raise the overall rate of return
on infrastructure. Using this approach and working with local officials
and communities, in one of the poorest regions of Madagascar we
were able to turn a $325 million mine investment into a $710 million
multi-sectoral investment program. Over $500 million was pledged
in the first year.
Small
scale, artisanal mining (ASM) has emerged as an important means
of creating jobs, diversifying rural employment, and raising incomes.
ASM can be a good neighbor to formal mines when its environmental
impacts are minimized, a responsible social structure develops,
and good communications are maintained among artisanal miners, mining
companies and government. In Tanzania, Liberia, Central African
Republic and Madagascar, IBI worked from the grass roots to the
highest levels to establish and implement policy and law that put
both types of mining on a sound legal and administrative basis.
We specialize in formalizing artisanal mining and have helped protect
of thousands of rural jobs and reduce environmental damage and risks
such as money-laundering and illegal arms trading.
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