Extractive Industries
Extractive industries can contribute to sustainable development, when projects are implemented well and preserve the rights of affected people, and if the benefits they generate are well-used. Extractive industries can yield benefits for countries through tax revenues, foreign exchange earnings, debt payments, production sharing and rents, the provision of jobs and infrastructure, and company social programs. Societies and economies depend heavily on the extractive industries in the stages of exploration, extraction, refining, recycling, transportation, and use of minerals. These companies provide direct and indirect employment, economic development, and a means of meeting basic needs. Maintaining a “social license” to operate requires companies to make major investments in social and environmental performance, including proactive community development strategies.
FEATURED RESOURCES
September 2004
The World Bank Group (WBG) announced in 2000 that it would conduct a comprehensive assessment of its activities in the extractive industries sector (oil, gas, and mining production - EI). This report highlights the WBG's response to the recommendations for the institution's future involvement in the extractive industry sector.
October 2004
A Business Guide to Development Actors aims to introduce the business community to potential partners in the development community. It is a first port of call for managers who are interested in working with a development organization, but unsure of how to begin.
November 1998
A publication providing practical, "how to" guidance for IFC clients and the private sector in planning and carrying out public consultation activities. The Manual offers advice on managing the expectations of local communities, tailoring consultation to a private sector context, and encouraging consultation between companies and their local stakeholders throughout a project's lifecycle.
March 2005
This report provides guidance to upstream and integrated oil and gas companies on meeting the social performance standards and good practice guidance issued by international financing institutions (IFIs). It may also be of interest to smaller energy companies and joint venture partners who are considering approaching IFIs. The report presents the findings of a six-month study undertaken by the Overseas Development Institute between May 2004 and January 2005. The contents draw substantially upon recent work commissioned by Shell International. This work generated a ‘road map’ for Shell businesses to assist their project partners in meeting the social performance compliance requirements of international finance institutions, in particular the World Bank Group and European Bank for Reconstruction and Development.
December 2003
The Extractive Industries Review believes that there is still a role for the World Bank Group in the oil, gas, and mining sectors—but only if its interventions allow extractive industries to contribute to poverty alleviation through sustainable development. And that can only happen when the right conditions are in place. This report discusses the three main enabling conditions.
August 11 2008
This document presents an Integrated Mine Closure Planning Toolkit for the mining and metals sector. The toolkit is intended to be used to promote a more disciplined approach to integrated closure planning and to increase the uniformity of good practices across the sector. The concepts apply equally well to both large and small companies.