Advancing Social and Economic Sustainability Through Local Content Policies
Local content policies cover a broad array of approaches, ranging from governments imposing mandatory requirements on mining companies to
- Procure a set percentage or specific goods and services from local business
- Employ local labour
- Add value locally to minerals extracted before exports
- Share mining infrastructures with local communities.
There are also “softer” requirements, such as the provision of skills development and capacity building.
We work with policy-makers to ensure mining provides inclusive, gender-equitable, and sustainable socio-economic development for governments, companies, and citizens alike. These efforts are informed by our flagship Mining Policy Framework.
Through capacity building, technical assistance, events, and publications, we equip governments with the knowledge and tools to use local content policies to navigate uncertainties and opportunities, including:
- Responding to national priorities for job creation and skills development.
- Scaling up local procurement to boost the amount of goods and services purchased by mining operations from local stakeholders.
- Leveraging various types of infrastructure developed by or for the mining sector.
- Adapting local content to the realities of new mining technologies
Resource-rich countries have the opportunity to harness mining for inclusive and sustainable growth, and we help policy-makers around the globe realize this goal.