OTTAWA, Sept. 30, 2011 /CNW/ - As recognized by the Corporate Social
Responsibility (CSR) Round Tables on the Extractive Sector,
strengthening community capacity and governance is a key strategy to
ensuring benefits from resource extraction are maximized both
domestically and abroad. CIDA's implementation of the Andean Regional
Initiative (ARI) for Promoting Effective Corporate Social
Responsibility announced by Minister Oda yesterday helps to do this in
three countries that receive significant Canadian foreign direct
investment from the mining sector.
Support for these 3 pilot projects reflects an important policy decision
which recognizes that mining has the capacity to make a significant
difference in the lives of local communities, but that mines can do so
more effectively when they partner with development aid agencies that
have experience in community development in the developing world.
MAC's President and CEO Pierre Gratton said: "These three pilot
projects are thus significant not just for what they will do but for
the policy shift they represent."
"With operations in countries and communities around the globe, MAC
member companies are agents of social and economic development, they
are also ambassadors for Canada - each year they invest millions into a
wide range of programs in host countries, ranging from health care and
education to infrastructure and governance. The Government of Canada's
Andean Regional Initiative is recognition of the important role that
mining activity plays in capacity development and improvement for host
countries in the developing world. Financial support from the
Government of Canada will further augment the positive impact of our
Canada's mining sector is one of the country's most significant
investors abroad. Canadian direct investment abroad by mining
companies in 2010 represented over $56 Billion.
MAC encourages the federal government to continue its support for
Canada's CSR Strategy.
About the Mining Association of Canada
Based in Ottawa, the Mining Association of Canada is the national
organization for the Canadian mining industry. Its members are engaged
in mineral exploration, mining, smelting, refining and
SOURCE The Mining Association of Canada
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