PM announces initiative to help developing countries manage their natural resources

From the Prime Minister’s Web Site (http://www.pm.gc.ca/)

——————————————————————————–
NEWS RELEASE

PM announces initiative to help developing countries manage their
natural resources

New Institute will build capacity in natural resources management and
help reduce poverty in developing countries
October 27, 2011
Perth, Australia

Prime Minister Stephen Harper today announced the creation of the
Canadian International Institute for Extractive Industries and
Development.  This initiative will build on Canada’s leadership in the
mining sector to support and build natural resource management
capacity in developing countries. The announcement was made on the
margins of the Commonwealth Heads of Government Meeting.
“Canada has a long and prosperous history in the extraction of natural
resources and is proud to share its knowledge, skills and experience
with developing countries,” said Prime Minister Harper. “The Institute
will help developing nations harness their resources to generate
sustainable economic growth, thereby reducing poverty.”

Drawing on lessons learned in Canada in extractive sector management,
the Institute will undertake policy research to identify best
practices in extractive sector management and arrange technical
assistance to governments and communities in developing countries.
The Institute will build on the Government’s commitment to help
developing countries benefit from their natural resources through
better management practices.

Canada welcomes other international efforts in this area, including
the recent launch of the Australian Mining for Development Initiative.

From the Prime Minister’s Web Site (http://www.pm.gc.ca/)

——————————————————————————–
BACKGROUNDER

Building capacity in developing countries in the area of natural
resources management

October 27, 2011
Perth, Australia

On October 27, 2011, Prime Minister Stephen Harper announced the
creation of the Canadian International Institute for Extractive
Industries and Development.  This announcement delivers on the
Government of Canada’s commitment to support initiatives in developing
countries that promote sustainable economic growth, create jobs and
reduce long-term poverty.
This initiative will benefit partner countries by enhancing their
capacity to manage their respective natural resources, including
minerals, oil and gas.

The Canadian International Institute for Extractive Industries and Development

The newly created Canadian International Institute for Extractive
Industries and Development will undertake policy research to identify
best practices in extractive sector management for individual
countries, and arrange technical assistance for governments and
communities in developing countries through a partnership between the
Federal government,Canada’s private sector and Canadian civil-society
organizations.  The Institute will draw on the lessons learned
inCanadaon extractive sector management.

The Institute will be housed in a Canadian university that combines a
strong public-policy capacity with knowledge of the extractive sector
and of mining in particular. Selection of the university will be
carried out through a competitive process and the successful applicant
will be expected to make an in-kind contribution to the creation and
operation of the Institute.

Canada’s Corporate Social Responsibility Strategy

The Canadian International Institute for Extractive Industries and
Development complements the Government of Canada’s Corporate Social
Responsibility (CSR) Strategy for the Canadian International
Extractive Sector, announced in March 2009, and Sustainable Economic
Growth Strategy, announced in 2010.

The objective of the Strategy is to improve the competitive advantage
of Canadian international extractive sector companies by enhancing
their ability to manage social and environmental risks. The CSR
Strategy is based on four pillars:

Support capacity building initiatives in developing countries to
manage the development of minerals and oil and gas, and to benefit
from these resources to reduce poverty
Promote the widely-recognized international CSR performance guidelines
Set up the Office of the Extractive Sector CSR Counsellor
Support the development of a CSR Centre of Excellence
Today’s announcement complements four recently announced pilot
projects worth approximately $26.7 million designed to reduce poverty
inColombia,Peru,Bolivia,Ghana, andBurkina Faso.

For more information on Canada’s Corporate Social Responsibility
Strategy for the Canadian International Extractive Sector, please
visit the Department of Foreign Affairs and International Trade’s
website (http://www.international.gc.ca/trade-agreements-accords-commerciaux/ds/csr-strategy-rse-stategie.aspx?lang=eng&view=d).

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