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Extractive Industries Initiatives Database

Search for an Initiative » Resource Endowment Initiative

Title
Resource Endowment Initiative
Lead Organization Name
ICMM
Type
  • Toolkit
  • Good Practice
  • Case Studies
Sector
  • Mining
Lead by
Goal/Objective

The objectives of the Resource Endowment initiative are to identify the factors that have allowed some countries to benefit from their substantial resource endowments through economic growth and poverty reduction and avoid the so-called resource curse. It also aims to determine some of the practical steps that can be taken by companies, governments, local communities and aid agencies to build such propitious factors where they are lacking.

Value Chain Focus
Have a mix of stakeholders such as public, private and civil society sectors contributed to the design of the initiative?
No
Geographical Focus
  • Global
In-country work
Chile, Ghana, Peru, Tanzania
Who is it for?
industrial extractives companies, host country local governments, donors, communities
How does the initiative try to reach its objective?

The Initiative provides access to several case studies and a framework that identifies the factors that influence social and economic interaction and outcomes. The Resource Endowment Toolkit provides a systematic and consistent approach to documenting the impacts (both good and bad) of individual mining projects on a local, regional and national level. The initiative identifies the key factors that can contribute to the successful transformation of mineral endowment into development that is really sustainable. Based on that, a toolkit has been developed to assess whether it could be applied to a broader set of mining countries, and to propose refinements. The toolkit was applied in four countries where mining had shown some evidence of contributing to economic and social improvements: Peru (with Chile as comparator) and Ghana (with Tanzania as comparator). Workshops and pilot studies in Peru, Ghana and Tanzania were conducted in order to encourage uptake of the initiative's findings and recommendations among local cross-sector partnerships in the mining and metals sector.