The IGF’s overarching objective is enhancing capacities to achieve sustainable development objectives through good governance in the mining sector. This effort is largely framed by its flagship Mining Policy Framework (MPF), which sets out concrete objectives and processes for good governance. Members are committed to reviewing and updating this tool on a regular basis.read full version of the framework
The IGF is currently partnering with three organizations to conduct a comparative analysis of Sustainable Development Goals against the MPF. This builds off previous work performed by the United Nations Development Program, the World Economic Forum and the Columbia Center on Sustainable Investment. The completed report will be used as the basis for a proposal to update the MPF.
The framework was tabled over the course of the 19th session of the United Nations Commission on Sustainable Development (CSD19), held in May 2011 in New York. It was presented as a compendium of best practices for governments to best deal with the full range of issues related to mining. Delegates to CSD19 recognized the work of the Forum, including the policy framework for the mining sector as a way to provide a systemic approach for developing mining in a way that promotes sustainable development.
As a non-binding policy guidance tool, the MPF lays out international best practice in six key pillars of mining law and policy.
A mature modern legislative regime is one that provides clear lines of responsibility and accountability. Such a regime provides the foundation of good governance and contributes to sustainable development in all aspects of social and economic life.
Taxes and royalty revenues derived from exploration, mine development and production should reflect the value to society of the resources mined. They should be collected and put to work in support of the sustainable development of the nation.
The conversion of natural capital into human capital holds the greatest promise for sustainable outcomes from mining activities.
The management of the natural resource base within ecosystems is the continuous responsibility of any society seeking to become more sustainable.
A mining operation which is considered consistent with sustainable development is one whereby planning for closure is present during the entire operation of the mine.