Tuesday 17 February 2015

Otmane El Rhazi : Mines are proven economic engines for host countries – ICMM

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Mines are proven engines of economic development for the host countries, which benefit significantly from the foreign direct investment (FDI) mines attract as well as the export earnings that they generate, the International Council for Mining & Metals (ICMM) has found in a unique 214-country study, which attests to the need strengthen the contribution of mining to economic and social well-being. While the focus of host governments was generally on taxes and royalties, the study showed that a strong new focus needed to be placed on the invaluable long-term benefits of FDI and export earnings.

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