Investment is a leading source of economic growth, job creation, infrastructure, competition, international trade and innovation. Countries with a high level of investment systematically achieve higher levels of development in more sustainable ways. A central question among policy makers is therefore how to enhance investment? Bearing in mind that investment is triggered and influenced by a multitude of factors, and that international investment agreements (IIAs) are not substitute for long-term and comprehensive improvements towards a transparent, rules-based pro-business policy environment, they do play a fundamental role by providing an additional layer of security to foreign investors. Thus, they can be an important factor for host countries to attracting more foreign direct investments (FDI), both in quantity and quality. 

Sustainable community development programs are those that contribute to the community’s longterm development needs and priorities and ensure a fairer distribution of the costs, benefits, risks and responsibilities associated with mining activities. 

The four most important elements:

I.    State strength
A state which is legitimate and capable at all levels (national, regional, and local). 
A government whose policy decisions are credible and broadly accepted and an administrative apparatus that can implement these.

II.    Limits to state strength 
Institutional checks and balances that support the legitimacy of government and the administrative apparatus, and guard against abuse of state power at all levels (national, regional, local).

III.    Compatibility of formal and informal rights, institutions and rules
Legitimacy of formal economic institutions guarding essential necessities of a stable economy (exchange rate, fiscal sustainability).

IV.    Technical capacity of the public sector and decision makers at all levels

National minerals policies that ensure security of supply of important raw materials and ensure the sustainability of the extractive operations as well as their products are crucial to economic policies.

Therefore it is important that each country has such a policy and ensures that it includes considerations and objectives of other relevant policies, such industrial and trade, environment energy and climate change policies, health and safety and consumer protection policies, as well as regional development and employment policies.  However, it is also important that raw material policies are not jeopardised by uncoordinated policy making in the afore-mentioned areas. 

And whilst it is important to update and modernise  raw materials policies and adapt them to developments of the country it should be noted that raw material investments are long-term investments and therefore are sensitive to frequent, quick and unpredicted  changes.

Euromines Annual Report 2017 ‚ÄúMined in Europe, Made in Europe‚ÄĚ is now available.

The mining sector is improving in all areas of the industry and shows many signs of moving past previous hardships and into a bright future. In this report, you will find information about how Euromines is helping the mining industry remain competitive and secure. There is a section devoted to safety and sustainability in employment as well as one that centers on innovations taking place in the industry. Finally, the report addresses environmental efforts and projects improving energy and resource efficiency.

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